Value of 1986 Israeli New Shekels today

₪100 in 1986

₪708.96 in 2018

The inflation rate in Israel between 1986 and today has been 608.96%, which translates into a total increase of ₪608.96. This means that 100 new shekels in 1986 are equivalent to 708.96 new shekels in 2018. In other words, the purchasing power of ₪100 in 1986 equals ₪708.96 today. The average annual inflation rate has been 6.11%.

Inflation timeline in Israel (1986-2018)

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 (1986-2018) 599.2%
Total Inflation* 608.96%
Annual inflation avg. (1986-2018) 6.27%
Annual inflation avg.* 6.11%
CPI 1986 14.29
CPI 2018 99.89
CPI today* 101.29
₪1 in 1986 ₪6.99 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 32 years between 1986 and 2018 and the average inflation rate has been 6.1149%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = ₪100 * (1 + 0.06)32 = ₪699.2

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 14.29 and the CPI today is 101.29. Therefore,

Final value = Initial value *
CPI final/CPI initial
= ₪100 *
99.89/14.29
= ₪699.2

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1986 ₪7.09 new shekels today
₪5 new shekels in 1986 ₪35.45 new shekels today
₪10 new shekels in 1986 ₪70.9 new shekels today
₪50 new shekels in 1986 ₪354.48 new shekels today
₪100 new shekels in 1986 ₪708.96 new shekels today
₪500 new shekels in 1986 ₪3,544.78 new shekels today
₪1,000 new shekels in 1986 ₪7,089.56 new shekels today
₪5,000 new shekels in 1986 ₪35,447.81 new shekels today
₪10,000 new shekels in 1986 ₪70,895.61 new shekels today
₪50,000 new shekels in 1986 ₪354,478.05 new shekels today
₪100,000 new shekels in 1986 ₪708,956.1 new shekels today
₪500,000 new shekels in 1986 ₪3,544,780.52 new shekels today
₪1,000,000 new shekels in 1986 ₪7,089,561.03 new shekels today

Value of New Shekel in time (by year)

Period Value
1986 100
1987 119.63
1988 138.93
1989 161.74
1990 195.21
1991 229.59
1992 271
1993 296.4
1994 329.74
1995 377.42
1996 408
1997 451.2
1998 482.73
1999 524.35
2000 531.42
2001 531.42
2002 538.83
2003 573.83
2004 563.27
2005 570.07
2006 583.67
2007 583.11
2008 602.77
2009 625.7
2010 650.25
2011 667.55
2012 682.1
2013 693.24
2014 706
2015 704.62
2016 697.82
2017 696.42
2018 699.2
Today 708.96