Value of 1979 Israeli New Shekels today

₪100 in 1979
₪532,392.43 in 2022

The inflation rate in Israel between 1979 and today has been 532,292.43%, which translates into a total increase of ₪532,292.43. This means that 100 new shekels in 1979 are equivalent to 532,392.43 new shekels in 2022. In other words, the purchasing power of ₪100 in 1979 equals ₪532,392.43 today. The average annual inflation rate between these periods has been 22.08%.

Inflation timeline in Israel (1979 - 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 1979-2021 510,115.73%
Cumulative inflation 1979-today 532,292.43%
Avg. Annual inflation 1979-2021 22.54%
CPI 1979 0.02
CPI 2021 102.27
CPI 2022-05 (latest official data) 106.35
CPI today 106.71

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 1979 and 2021, use the corresponding CPI values:

Value2021
=Value1979 ×
CPI2021/CPI1979
=₪ 100 ×
102.27/0.02
₪510,215.73

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 106.71:

Valuetoday
=Value1979 ×
CPItoday/CPI1979
=₪ 100 ×
106.71/0.02
₪532,392.43

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 42 years between 1979 and 2021 and the average inflation rate was 22.5406%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₪100 × (1 + 0.225406)42
₪510,215.73

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1979 ₪5,102.16 new shekels in 2021
₪5 new shekels in 1979 ₪25,510.79 new shekels in 2021
₪10 new shekels in 1979 ₪51,021.57 new shekels in 2021
₪50 new shekels in 1979 ₪255,107.86 new shekels in 2021
₪100 new shekels in 1979 ₪510,215.73 new shekels in 2021
₪500 new shekels in 1979 ₪2,551,078.65 new shekels in 2021
₪1,000 new shekels in 1979 ₪5,102,157.29 new shekels in 2021
₪5,000 new shekels in 1979 ₪25,510,786.47 new shekels in 2021
₪10,000 new shekels in 1979 ₪51,021,572.94 new shekels in 2021
₪50,000 new shekels in 1979 ₪255,107,864.71 new shekels in 2021
₪100,000 new shekels in 1979 ₪510,215,729.42 new shekels in 2021
₪500,000 new shekels in 1979 ₪2,551,078,647.12 new shekels in 2021
₪1,000,000 new shekels in 1979 ₪5,102,157,294.24 new shekels in 2021
Cumulative inflation From 1979 532,292.43%
Avg. annual inflation From 1979 22.08%
CPI 1979 0.02
CPI today 106.71

Value of New Shekel over time (by year)

Period Value
1979 100
1980 231.02
1981 500.86
1982 1,103.72
1983 2,714.62
1984 12,846.01
1985 52,513.58
1986 77,701.71
1987 92,537.95
1988 107,751.36
1989 129,628.53
1990 152,008.65
1991 180,926.75
1992 202,678.2
1993 224,932.59
1994 252,551.45
1995 277,655.71
1996 309,298
1997 337,000.68
1998 355,525.05
1999 373,923.69
2000 377,863.25
2001 382,221.89
2002 404,224.84
2003 407,158.52
2004 405,482.11
2005 410,804.73
2006 419,270.62
2007 421,198.47
2008 440,393.4
2009 455,103.92
2010 467,467.47
2011 483,728.67
2012 491,901.15
2013 499,654.51
2014 502,085.15
2015 498,900.17
2016 496,175.98
2017 497,391.4
2018 501,456.54
2019 505,689.71
2020 502,714.27
2021 510,215.73
2022-05 530,584.33
Today 532,392.43

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 |

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