Value of 1982 Israeli New Shekels today

₪100 in 1982

₪74,134.61 in 2018

The inflation rate in Israel between 1982 and today has been 74,034.61%, which translates into a total increase of ₪74,034.61. This means that 100 new shekels in 1982 are equivalent to 74,134.61 new shekels in 2018. In other words, the purchasing power of ₪100 in 1982 equals ₪74,134.61 today. The average annual inflation rate has been 19.56%.

Inflation timeline in Israel (1982-2018)

The following chart ilustrates the equivalence of ₪100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1982-2018) 73,014.62%
Total Inflation* 74,034.61%
Annual inflation avg. (1982-2018) 20.1%
Annual inflation avg.* 19.56%
CPI 1982 0.14
CPI 2018 99.89
CPI today* 101.29
₪1 in 1982 ₪731.15 in 2018

* Values extrapolated from the last official data to obtain today's values.

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 compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 36 years between 1982 and 2018 and the average inflation rate has been 19.5551%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₪100 * (1 + 0.2)36 = ₪73,114.62

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1982 was 0.14 and the CPI today is 101.29. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₪100 *
99.89/0.14
= ₪73,114.62

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1982 ₪741.35 new shekels today
₪5 new shekels in 1982 ₪3,706.73 new shekels today
₪10 new shekels in 1982 ₪7,413.46 new shekels today
₪50 new shekels in 1982 ₪37,067.3 new shekels today
₪100 new shekels in 1982 ₪74,134.61 new shekels today
₪500 new shekels in 1982 ₪370,673.04 new shekels today
₪1,000 new shekels in 1982 ₪741,346.08 new shekels today
₪5,000 new shekels in 1982 ₪3,706,730.41 new shekels today
₪10,000 new shekels in 1982 ₪7,413,460.83 new shekels today
₪50,000 new shekels in 1982 ₪37,067,304.14 new shekels today
₪100,000 new shekels in 1982 ₪74,134,608.28 new shekels today
₪500,000 new shekels in 1982 ₪370,673,041.39 new shekels today
₪1,000,000 new shekels in 1982 ₪741,346,082.78 new shekels today

Value of New Shekel in time (by year)

Period Value
1982 100
1983 231.5
1984 672.96
1985 3,666.82
1986 10,456.87
1987 12,510.07
1988 14,527.33
1989 16,913.28
1990 20,413.05
1991 24,008.14
1992 28,338.6
1993 30,994.06
1994 34,480.21
1995 39,466.18
1996 42,664.36
1997 47,181.37
1998 50,478.47
1999 54,830.62
2000 55,570.32
2001 55,570.32
2002 56,344.69
2003 60,004.88
2004 58,900.67
2005 59,611.74
2006 61,033.89
2007 60,974.63
2008 63,030.46
2009 65,428.69
2010 67,995.39
2011 69,805.15
2012 71,325.78
2013 72,491.69
2014 73,825.77
2015 73,681.44
2016 72,970.59
2017 72,823.33
2018 73,114.62
Today 74,134.61