Value of 1986 Israeli New Shekels today

₪100 in 1986
₪724.55 in 2023

The inflation rate in Israel between 1986 and today has been 624.55%, which translates into a total increase of ₪624.55. This means that 100 new shekels in 1986 are equivalent to 724.55 new shekels in 2023. In other words, the purchasing power of ₪100 in 1986 equals ₪724.55 today. The average annual inflation rate between these periods has been 5.5%.

Inflation timeline in Israel (1986 - 2023)

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 1986-2022 585.27%
Cumulative inflation 1986-today 624.55%
Avg. Annual inflation 1986-2022 5.49%
CPI 1986 15.58
CPI 2022 106.74
CPI 2023-10 (latest official data) 112.52
CPI today 112.86

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 1986 and 2022, use the corresponding CPI values:

Value2022
=Value1986 ×
CPI2022/CPI1986
=₪ 100 ×
106.74/15.58
₪685.27

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 112.86:

Valuetoday
=Value1986 ×
CPItoday/CPI1986
=₪ 100 ×
112.86/15.58
₪724.55

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 36 years between 1986 and 2022 and the average inflation rate was 5.4917%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=₪100 × (1 + 0.054917)36
₪685.27

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1986 ₪6.85 new shekels in 2022
₪5 new shekels in 1986 ₪34.26 new shekels in 2022
₪10 new shekels in 1986 ₪68.53 new shekels in 2022
₪50 new shekels in 1986 ₪342.63 new shekels in 2022
₪100 new shekels in 1986 ₪685.27 new shekels in 2022
₪500 new shekels in 1986 ₪3,426.33 new shekels in 2022
₪1,000 new shekels in 1986 ₪6,852.66 new shekels in 2022
₪5,000 new shekels in 1986 ₪34,263.28 new shekels in 2022
₪10,000 new shekels in 1986 ₪68,526.56 new shekels in 2022
₪50,000 new shekels in 1986 ₪342,632.78 new shekels in 2022
₪100,000 new shekels in 1986 ₪685,265.56 new shekels in 2022
₪500,000 new shekels in 1986 ₪3,426,327.81 new shekels in 2022
₪1,000,000 new shekels in 1986 ₪6,852,655.63 new shekels in 2022
Cumulative inflation From 1986 624.55%
Avg. annual inflation From 1986 5.5%
CPI 1986 15.58
CPI today 112.86

Value of New Shekel over time (by year)

Period Value
1986 100
1987 119.07
1988 138.61
1989 166.82
1990 195.49
1991 232.9
1992 260.88
1993 289.38
1994 324.9
1995 357.17
1996 397.94
1997 433.64
1998 457.45
1999 481.15
2000 486.12
2001 491.72
2002 520.1
2003 523.76
2004 521.76
2005 528.61
2006 539.52
2007 541.98
2008 566.65
2009 585.67
2010 601.43
2011 622.39
2012 632.84
2013 642.78
2014 645.86
2015 641.98
2016 638.44
2017 640.09
2018 645.17
2019 650.66
2020 646.66
2021 656.42
2022 685.27
2023-10 722.33
Today 724.55

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 | 2022 |

Other currencies: