Value of 1980 Israeli New Shekels today

₪100 in 1980
₪233,287.1 in 2022

The inflation rate in Israel between 1980 and today has been 233,187.1%, which translates into a total increase of ₪233,187.1. This means that 100 new shekels in 1980 are equivalent to 233,287.1 new shekels in 2022. In other words, the purchasing power of ₪100 in 1980 equals ₪233,287.1 today. The average annual inflation rate between these periods has been 20.28%.

Inflation timeline in Israel (1980 - 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 1980-2021 220,748.75%
Cumulative inflation 1980-today 233,187.1%
Avg. Annual inflation 1980-2021 20.66%
CPI 1980 0.05
CPI 2021 102.27
CPI 2022-08 (latest official data) 107.66
CPI today 108.03

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 1980 and 2021, use the corresponding CPI values:

Value2021
=Value1980 ×
CPI2021/CPI1980
=₪ 100 ×
102.27/0.05
₪220,848.75

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 108.03:

Valuetoday
=Value1980 ×
CPItoday/CPI1980
=₪ 100 ×
108.03/0.05
₪233,287.1

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 41 years between 1980 and 2021 and the average inflation rate was 20.66%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₪100 × (1 + 0.2066)41
₪220,848.75

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1980 ₪2,208.49 new shekels in 2021
₪5 new shekels in 1980 ₪11,042.44 new shekels in 2021
₪10 new shekels in 1980 ₪22,084.88 new shekels in 2021
₪50 new shekels in 1980 ₪110,424.38 new shekels in 2021
₪100 new shekels in 1980 ₪220,848.75 new shekels in 2021
₪500 new shekels in 1980 ₪1,104,243.76 new shekels in 2021
₪1,000 new shekels in 1980 ₪2,208,487.51 new shekels in 2021
₪5,000 new shekels in 1980 ₪11,042,437.57 new shekels in 2021
₪10,000 new shekels in 1980 ₪22,084,875.13 new shekels in 2021
₪50,000 new shekels in 1980 ₪110,424,375.66 new shekels in 2021
₪100,000 new shekels in 1980 ₪220,848,751.32 new shekels in 2021
₪500,000 new shekels in 1980 ₪1,104,243,756.59 new shekels in 2021
₪1,000,000 new shekels in 1980 ₪2,208,487,513.19 new shekels in 2021
Cumulative inflation From 1980 233,187.1%
Avg. annual inflation From 1980 20.28%
CPI 1980 0.05
CPI today 108.03

Value of New Shekel over time (by year)

Period Value
1980 100
1981 216.8
1982 477.75
1983 1,175.03
1984 5,560.44
1985 22,730.7
1986 33,633.47
1987 40,055.39
1988 46,640.57
1989 56,110.19
1990 65,797.5
1991 78,314.81
1992 87,730
1993 97,362.9
1994 109,317.82
1995 120,184.29
1996 133,880.78
1997 145,871.98
1998 153,890.32
1999 161,854.24
2000 163,559.49
2001 165,446.15
2002 174,970.2
2003 176,240.06
2004 175,514.42
2005 177,818.34
2006 181,482.83
2007 182,317.3
2008 190,625.9
2009 196,993.4
2010 202,345.01
2011 209,383.73
2012 212,921.22
2013 216,277.29
2014 217,329.4
2015 215,950.77
2016 214,771.59
2017 215,297.69
2018 217,057.3
2019 218,889.65
2020 217,601.72
2021 220,848.75
2022-08 232,495.41
Today 233,287.1

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: