Caracas Is World's 15Th Most Expensive City.

LAHT.
Caracas is more expensive than London in a new survey.
While London slipped out of the world's top 10 most expensive cities for the first time since 2001 -- sliding to 16th place from third--Caracas surged from 89th to the 15th most expensive city in the world.
Mercer's Cost of Living Survey reports that the strong US dollar and a Venezuelan bolivar that is fixed to it, made Caracas more expensive than London.