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Caracas Travel Guide

Caracas Weighs in As Most Expensive in Americas

Posted: Mar. 6th, 2013  |  By Michael Pearse
Caracas
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Though still a place to visit, an extended stay in the Venezuelan capital might go on the pricey side as Caracas has recently been named most expensive city in the Americas. Arguably a result of government price controls, Caracas has jumped 25 places on the list in just one year and this has put a strain on electoral politics – a strain not helped by President Hugo Chávez's prolonged period of illness.

Caracas, Venezuela is the most expensive city in the Americas and the 9th-most expensive in the world, according to the Economist Intelligence Unit.

 

The Venezuelan capital jumped 25 spots from last year, according to CNN. The report attributed the change to inflation and fixed exchange rates with the U.S. dollar.

 

A kilogram loaf of bread -- about 2.2 pounds -- goes for $9.40 in Caracas, making it the most expensive on the list.

 

Gasoline, on the other hand, is by far the cheapest in Venezuela, a major oil producer. A gallon of gas costs about $0.23 per gallon in Caracas, according to the Economist Intelligence Unit -- well below the $5.64 that people pay at the pump in Sydney, Australia, the next cheapest city on the list to buy gas.

Read More on huffingtonpost.com

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