Value of 1986 Israeli New Shekels today

₪100 in 1986

₪700.9 in 2019

The inflation rate in Israel between 1986 and today has been 600.9%, which translates into a total increase of ₪600.9. This means that 100 new shekels in 1986 are equivalent to 700.9 new shekels in 2019. In other words, the purchasing power of ₪100 in 1986 equals ₪700.9 today. The average annual inflation rate has been 5.89%.

Inflation timeline in Israel (1986-2019)

The following chart depicts the equivalence of ₪100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1986-2019) 600.7%
Total Inflation* 600.9%
Annual inflation avg. (1986-2019) 6.08%
Annual inflation avg.* 5.89%
CPI 1986 14.37
CPI 2019 100.7
CPI today* 100.73
₪1 in 1986 ₪7.01 in 2019

* 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 33 years between 1986 and 2019 and the average inflation rate has been 5.8942%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₪100 * (1 + 0.06)33 = ₪700.7

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 1986 was 14.37 and the CPI today is 100.73. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₪100 *
100.7/14.37
= ₪700.7

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1986 ₪7.01 new shekels today
₪5 new shekels in 1986 ₪35.05 new shekels today
₪10 new shekels in 1986 ₪70.09 new shekels today
₪50 new shekels in 1986 ₪350.45 new shekels today
₪100 new shekels in 1986 ₪700.9 new shekels today
₪500 new shekels in 1986 ₪3,504.51 new shekels today
₪1,000 new shekels in 1986 ₪7,009.03 new shekels today
₪5,000 new shekels in 1986 ₪35,045.14 new shekels today
₪10,000 new shekels in 1986 ₪70,090.28 new shekels today
₪50,000 new shekels in 1986 ₪350,451.39 new shekels today
₪100,000 new shekels in 1986 ₪700,902.78 new shekels today
₪500,000 new shekels in 1986 ₪3,504,513.92 new shekels today
₪1,000,000 new shekels in 1986 ₪7,009,027.85 new shekels today

Value of New Shekel in time (by year)

Period Value
1986 100
1987 118.88
1988 137.76
1989 161.54
1990 193.71
1991 228.67
1992 269.23
1993 295.1
1994 327.27
1995 375.52
1996 404.9
1997 448.95
1998 480.42
1999 521.68
2000 527.97
2001 527.97
2002 535.66
2003 570.63
2004 560.14
2005 567.13
2006 580.42
2007 579.72
2008 599.3
2009 622.38
2010 646.15
2011 664.34
2012 678.32
2013 688.81
2014 702.1
2015 700.7
2016 693.71
2017 692.31
2018 695.1
2019 700.7
Today 700.9