Value of 1981 Israeli New Shekels today

₪100 in 1981
₪108,246.35 in 2022

The inflation rate in Israel between 1981 and today has been 108,146.35%, which translates into a total increase of ₪108,146.35. This means that 100 new shekels in 1981 are equivalent to 108,246.35 new shekels in 2022. In other words, the purchasing power of ₪100 in 1981 equals ₪108,246.35 today. The average annual inflation rate between these periods has been 18.58%.

Inflation timeline in Israel (1981 - 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 1981-2021 101,767.46%
Cumulative inflation 1981-today 108,146.35%
Avg. Annual inflation 1981-2021 18.91%
CPI 1981 0.1
CPI 2021 102.27
CPI 2022-07 (latest official data) 107.96
CPI today 108.67

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 1981 and 2021, use the corresponding CPI values:

Value2021
=Value1981 ×
CPI2021/CPI1981
=₪ 100 ×
102.27/0.1
₪101,867.46

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 108.67:

Valuetoday
=Value1981 ×
CPItoday/CPI1981
=₪ 100 ×
108.67/0.1
₪108,246.35

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 40 years between 1981 and 2021 and the average inflation rate was 18.9052%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₪100 × (1 + 0.189052)40
₪101,867.46

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1981 ₪1,018.67 new shekels in 2021
₪5 new shekels in 1981 ₪5,093.37 new shekels in 2021
₪10 new shekels in 1981 ₪10,186.75 new shekels in 2021
₪50 new shekels in 1981 ₪50,933.73 new shekels in 2021
₪100 new shekels in 1981 ₪101,867.46 new shekels in 2021
₪500 new shekels in 1981 ₪509,337.28 new shekels in 2021
₪1,000 new shekels in 1981 ₪1,018,674.55 new shekels in 2021
₪5,000 new shekels in 1981 ₪5,093,372.76 new shekels in 2021
₪10,000 new shekels in 1981 ₪10,186,745.53 new shekels in 2021
₪50,000 new shekels in 1981 ₪50,933,727.65 new shekels in 2021
₪100,000 new shekels in 1981 ₪101,867,455.3 new shekels in 2021
₪500,000 new shekels in 1981 ₪509,337,276.49 new shekels in 2021
₪1,000,000 new shekels in 1981 ₪1,018,674,552.98 new shekels in 2021
Cumulative inflation From 1981 108,146.35%
Avg. annual inflation From 1981 18.58%
CPI 1981 0.1
CPI today 108.67

Value of New Shekel over time (by year)

Period Value
1981 100
1982 220.36
1983 541.99
1984 2,564.78
1985 10,484.63
1986 15,513.59
1987 18,475.72
1988 21,513.17
1989 25,881.07
1990 30,349.39
1991 36,123.05
1992 40,465.85
1993 44,909.06
1994 50,423.33
1995 55,435.53
1996 61,753.1
1997 67,284.09
1998 70,982.59
1999 74,655.98
2000 75,442.53
2001 76,312.76
2002 80,705.77
2003 81,291.5
2004 80,956.8
2005 82,019.49
2006 83,709.75
2007 84,094.66
2008 87,927.03
2009 90,864.07
2010 93,332.52
2011 96,579.16
2012 98,210.85
2013 99,758.85
2014 100,244.14
2015 99,608.24
2016 99,064.34
2017 99,307.01
2018 100,118.63
2019 100,963.81
2020 100,369.75
2021 101,867.46
2022-07 107,540.74
Today 108,246.35

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: