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Caracas is the sixth most expensive city in the world

Caracas is the sixth most expensive city in the world

Posted by Dubraswka Aguilar on April 12, 2014

The british newspaper The Guardian published an article with a ranking prepared on the basis of a detailed study on cost of living, which puts Caracas, capital of Venezuela, as the sixth most expensive city in the world. Before the only Latin American city in the report, Singapore is located in the first place, followed by Paris, Oslo, Zurich and Sydney .

Cheaper than Caracas are the cities of Genoa, Melbourne, Tokyo and Copenaghe. The measurement was carried forward from the comparison of the price of various products; including a bottle of table wine, a packet of 20 cigarettes and a liter of oil.

While in Singapore can get yourself a kilo of bread for $ s3,36 and in Sydney for $ s4,45, in Caracas this staple is paid on average about $ s11,02. As for the cost of the bottle of table wine, is the capital of Singapore that tops the ranking with price u $ s25,04; followed by Sydney au $ s22,58 and very close third Caracas , where costs u $ s22,44. 

The only product with very low price in the Venezuelan capital is the fuel that while in Paris for $ s2,5 is achieved in the Latin American city just 0.02 cents paid. The country is ruled by Nicolás Maduro plunged for a while in an economic crisis that hit the supermarket shelves and is reflected in the highest inflation in the world, and the scarcity of commodities.

Friday was released a statement in which the Venezuelan Central Bank realized a shortage of 31% and an annualized inflation rate of 59.4 %, representing missing 1 in 3 products. The Economic Intelligence Unit, in charge of the survey on which the study was done, comparing over 400.160 individual prices on products and services, including food, drink, clothing, household goods and personal care products, rentals, transportation, private schools, domestic service and recreation.

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