Bogota 4th most expensive city in Latin America

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Colombia’s capital Bogota is the fourth most expensive city in Latin America, a study by Swiss bank UBS revealed Wednesday.

The most expensive Latin American cities are Sao Paulo, Rio de Janeiro and Caracas.

Worldwide, the most expensive cities are Oslo (Norway), Zurich (Switzerland) and Geneva (Switzerland).

Bogota ranks 57 in the bank’s list of 73.

UBS publishes its “Prices and Earnings” index once every two years.