Value of 1976 Israeli New Shekels today

₪100 in 1976
₪1,947,391.89 in 2022

The inflation rate in Israel between 1976 and today has been 1,947,291.89%, which translates into a total increase of ₪1,947,291.89. This means that 100 new shekels in 1976 are equivalent to 1,947,391.89 new shekels in 2022. In other words, the purchasing power of ₪100 in 1976 equals ₪1,947,391.89 today. The average annual inflation rate between these periods has been 23.95%.

Inflation timeline in Israel (1976 - 2022)

The following chart depicts the equivalence of ₪100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (ILS) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1976-2021 1,843,693.02%
Cumulative inflation 1976-today 1,947,291.89%
Avg. Annual inflation 1976-2021 24.39%
CPI 1976 0.01
CPI 2021 102.27
CPI 2022-08 (latest official data) 107.66
CPI today 108.01

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1976 and 2021, use the corresponding CPI values:

Value2021
=Value1976 ×
CPI2021/CPI1976
=₪ 100 ×
102.27/0.01
₪1,843,793.02

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 108.01:

Valuetoday
=Value1976 ×
CPItoday/CPI1976
=₪ 100 ×
108.01/0.01
₪1,947,391.89

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are ₪100 worth today. There are 45 years between 1976 and 2021 and the average inflation rate was 24.3923%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₪100 × (1 + 0.243923)45
₪1,843,793.02

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1976 ₪18,437.93 new shekels in 2021
₪5 new shekels in 1976 ₪92,189.65 new shekels in 2021
₪10 new shekels in 1976 ₪184,379.3 new shekels in 2021
₪50 new shekels in 1976 ₪921,896.51 new shekels in 2021
₪100 new shekels in 1976 ₪1,843,793.02 new shekels in 2021
₪500 new shekels in 1976 ₪9,218,965.08 new shekels in 2021
₪1,000 new shekels in 1976 ₪18,437,930.16 new shekels in 2021
₪5,000 new shekels in 1976 ₪92,189,650.81 new shekels in 2021
₪10,000 new shekels in 1976 ₪184,379,301.61 new shekels in 2021
₪50,000 new shekels in 1976 ₪921,896,508.05 new shekels in 2021
₪100,000 new shekels in 1976 ₪1,843,793,016.1 new shekels in 2021
₪500,000 new shekels in 1976 ₪9,218,965,080.5 new shekels in 2021
₪1,000,000 new shekels in 1976 ₪18,437,930,161.01 new shekels in 2021
Cumulative inflation From 1976 1,947,291.89%
Avg. annual inflation From 1976 23.95%
CPI 1976 0.01
CPI today 108.01

Value of New Shekel over time (by year)

Period Value
1976 100
1977 134.62
1978 202.67
1979 361.38
1980 834.87
1981 1,809.99
1982 3,988.58
1983 9,809.96
1984 46,422.28
1985 189,771.06
1986 280,794.68
1987 334,409.18
1988 389,386.68
1989 468,445.35
1990 549,321.52
1991 653,824.36
1992 732,428.7
1993 812,850.54
1994 912,658.26
1995 1,003,378.82
1996 1,117,726.22
1997 1,217,836.82
1998 1,284,779.28
1999 1,351,267.39
2000 1,365,504.01
2001 1,381,255.05
2002 1,460,768.23
2003 1,471,369.84
2004 1,465,311.73
2005 1,484,546.34
2006 1,515,139.95
2007 1,522,106.73
2008 1,591,472.46
2009 1,644,632.63
2010 1,689,311.41
2011 1,748,075.36
2012 1,777,608.69
2013 1,805,627.4
2014 1,814,411.13
2015 1,802,901.41
2016 1,793,056.85
2017 1,797,449.07
2018 1,812,139.48
2019 1,827,437.09
2020 1,816,684.59
2021 1,843,793.02
2022-08 1,941,027.09
Today 1,947,391.89

All available years

Today's value of israeli new shekels by year:

1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

Other currencies: