Last year, Tel Aviv was the fifth-most expensive city in the world to live in. But the Economist Intelligence Unit's (EIU) latest Cost of Living survey says the Israeli city is now the costliest on the planet. First off, the Israeli currency, the shekel, has been very strong, which makes local prices more expensive when they're converted into US dollars. And while the average price increase was fairly tame at 1.6 per cent, the EUI says prices for about one-tenth of goods skyrocketed.