Is the cost of living in Venezuela high?

"The cost of living in Venezuela is generally high, especially in the larger cities. Caracas, the capital, is one of the most expensive cities in the country, with prices for goods and services being significantly higher than in other parts of the country. Rent for a nice one bedroom apartment in Caracas can range from $500 to $1000 USD per month, while a nice two bedroom apartment can range from $800 to $1500 USD per month. Eating dinner at a moderately priced restaurant in Caracas can cost around $20 USD per person," mentioned another expat when asked about moving to Venezuela.