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The most expensive cities in the world to live in

Caracas – 1st
Caracas – 1st
Caracas, the Venezuelan capital, is the most expensive place in the world for expatriates, up from last year’s 7th place in the ranking. Prices have risen by more than 60% in the last year thanks to the soaring value of the currency, but this may be short-lived, as pressure is building to devalue it in the near future. (REUTERS)

We moan about the cost of Britain, but even our most expensive city is nowhere near the top 50 in the world to live in. Consultancy ECA International looked at the cost of living across the globe to calculate its findings – here are the top 5.