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Big Apple joins top 10 priciest global markets

From The Real Deal

Editor's note: This article is reposted with permission by The Real Deal. Click here to view the original article. By CANDACE TAYLOR It's not your imagination -- New York actually is getting more expensive compared to other cities. The Big Apple jumped from No. 22 to No. 8 on the most recent Mercer Cost of Living Survey, which measures the comparative cost of 200 items -- from housing to food -- in cities around the world. Courtesy of The Real Deal, Copyright 2010 New York's jump was due largely to the fluctuation of the dollar against other currencies, according to Rebecca Powers, a principal at Mercer, a global consulting firm. "The dollar has performed better than it had in the previous year or two," said Powers, noting that the dollar has been volatile since the euro became the official currency of Europe. The July 2009 survey -- an index which uses New York as its base city and primary point of comparison ...

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