Moscow is the most expensive city in the world for the second year in row

Moscow prices do exceed those of New York by a large margin on most goods. Almost any shopping item you can imagine is cheaper in New York than in Moscow: Clothes, cars, jewelry, furniture, supermarkets and restaurants are considerably cheaper. Even expensive restaurants and gourmet-food stores are much more affordable in New York. For example, Dean and Deluca's prices are half those of Globus Gourmet. Moreover, the affordable mid-market brands, like Gap or Banana Republic, are not even represented in Moscow.