By Fiona Hurrell, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL - They may have dropped a place or two since last year but once again, Brazil’s two major cities, São Paulo and Rio de Janeiro, feature amongst the top fifteen most expensive cities in the world, according to Mercer's annual 2012 report. In contrast, the score for quality of living remains markedly low for both cities, failing to make it into the top 100.

Designed to examine a city’s quality and cost of living, the Mercer report

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here