Value of 1982 Israeli New Shekels today

₪100 in 1982
₪51,939.76 in 2024

The inflation rate in Israel between 1982 and today has been 51,839.76%, which translates into a total increase of ₪51,839.76. This means that 100 new shekels in 1982 are equivalent to 51,939.76 new shekels in 2024. In other words, the purchasing power of ₪100 in 1982 equals ₪51,939.76 today. The average annual inflation rate between these periods has been 16.05%.

Inflation timeline in Israel (1982 - 2024)

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 1982-2023 50,294.9%
Cumulative inflation 1982-today 51,839.76%
Avg. Annual inflation 1982-2023 16.39%
CPI 1982 0.22
CPI 2023 111.25
CPI 2024-06 (latest official data) 114.44
CPI today 114.66

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 1982 and 2023, use the corresponding CPI values:

Value2023
=Value1982 ×
CPI2023/CPI1982
=₪ 100 ×
111.25/0.22
₪50,394.9

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 114.66:

Valuetoday
=Value1982 ×
CPItoday/CPI1982
=₪ 100 ×
114.66/0.22
₪51,939.76

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 1982 and 2023 and the average inflation rate was 16.389%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₪100 × (1 + 0.16389)41
₪50,394.9

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1982 ₪503.95 new shekels in 2023
₪5 new shekels in 1982 ₪2,519.75 new shekels in 2023
₪10 new shekels in 1982 ₪5,039.49 new shekels in 2023
₪50 new shekels in 1982 ₪25,197.45 new shekels in 2023
₪100 new shekels in 1982 ₪50,394.9 new shekels in 2023
₪500 new shekels in 1982 ₪251,974.51 new shekels in 2023
₪1,000 new shekels in 1982 ₪503,949.03 new shekels in 2023
₪5,000 new shekels in 1982 ₪2,519,745.14 new shekels in 2023
₪10,000 new shekels in 1982 ₪5,039,490.28 new shekels in 2023
₪50,000 new shekels in 1982 ₪25,197,451.39 new shekels in 2023
₪100,000 new shekels in 1982 ₪50,394,902.77 new shekels in 2023
₪500,000 new shekels in 1982 ₪251,974,513.87 new shekels in 2023
₪1,000,000 new shekels in 1982 ₪503,949,027.74 new shekels in 2023
Cumulative inflation From 1982 51,839.76%
Avg. annual inflation From 1982 16.05%
CPI 1982 0.22
CPI today 114.66

Value of New Shekel over time (by year)

Period Value
1982 100
1983 245.95
1984 1,163.88
1985 4,771.12
1986 7,055.94
1987 8,401.84
1988 9,779.99
1989 11,770.63
1990 13,793.53
1991 16,432.95
1992 18,407.49
1993 20,418.29
1994 22,924.74
1995 25,201.49
1996 28,078.67
1997 30,597.21
1998 32,277.57
1999 33,949.88
2000 34,300.46
2001 34,695.37
2002 36,698.11
2003 36,956.01
2004 36,814.97
2005 37,298.53
2006 38,068.2
2007 38,241.47
2008 39,982.28
2009 41,324.16
2010 42,436.35
2011 43,915.23
2012 44,652.66
2013 45,353.8
2014 45,571.41
2015 45,297.4
2016 45,047.57
2017 45,164.43
2018 45,523.08
2019 45,909.92
2020 45,627.85
2021 46,316.91
2022 48,351.9
2023 50,394.9
2024-06 51,837.53
Today 51,939.76

All available years

Today's value of israeli new shekels by year:

1970 | 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 | 2022 | 2023 |

Other currencies: