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World's most expensive cities

$9 for a loaf of bread in Tokyo? $2,100 for a dinner bill in Paris? To see which cities are the most expensive for employees and travelers, the Economist looked at the prices -- in U.S. dollars -- of everyday items in cities worldwide.

9. Caracas, Venezuela

most expensive cities caracas venezuela

Caracas makes the top 10 entirely because the Venezuelan government has imposed an artificial exchange rate which has caused massive price inflation, according to Copestake.

Loaf of bread: $9.40

Liter of milk: $2.73

Pack of brand-name cigarettes: $7.30

High-end 3-course dinner for four, with wine: $910.26

Source: The Economist Intelligence Unit's 2013 Worldwide Cost of Living Index. Conducted twice yearly, the survey compares in U.S. dollars the average prices of 160 everyday goods and services, including food, drink, rent, clothing, household supplies and transportation. More than 50,000 individual prices were collected to create average prices for goods and services in 131 cities.
  @melhicken - Last updated February 06 2013 06:07 AM ET

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