Value of 1987 Israeli New Shekels today

₪100 in 1987
₪575.32 in 2022

The inflation rate in Israel between 1987 and today has been 475.32%, which translates into a total increase of ₪475.32. This means that 100 new shekels in 1987 are equivalent to 575.32 new shekels in 2022. In other words, the purchasing power of ₪100 in 1987 equals ₪575.32 today. The average annual inflation rate between these periods has been 5.13%.

Inflation timeline in Israel (1987 - 2022)

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 1987-2021 451.36%
Cumulative inflation 1987-today 475.32%
Avg. Annual inflation 1987-2021 5.15%
CPI 1987 18.55
CPI 2021 102.27
CPI 2022-05 (latest official data) 106.35
CPI today 106.71

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 1987 and 2021, use the corresponding CPI values:

Value2021
=Value1987 ×
CPI2021/CPI1987
=₪ 100 ×
102.27/18.55
₪551.36

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 106.71:

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=₪ 100 ×
106.71/18.55
₪575.32

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 34 years between 1987 and 2021 and the average inflation rate was 5.1494%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₪100 × (1 + 0.051494)34
₪551.36

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1987 ₪5.51 new shekels in 2021
₪5 new shekels in 1987 ₪27.57 new shekels in 2021
₪10 new shekels in 1987 ₪55.14 new shekels in 2021
₪50 new shekels in 1987 ₪275.68 new shekels in 2021
₪100 new shekels in 1987 ₪551.36 new shekels in 2021
₪500 new shekels in 1987 ₪2,756.79 new shekels in 2021
₪1,000 new shekels in 1987 ₪5,513.58 new shekels in 2021
₪5,000 new shekels in 1987 ₪27,567.92 new shekels in 2021
₪10,000 new shekels in 1987 ₪55,135.84 new shekels in 2021
₪50,000 new shekels in 1987 ₪275,679.18 new shekels in 2021
₪100,000 new shekels in 1987 ₪551,358.37 new shekels in 2021
₪500,000 new shekels in 1987 ₪2,756,791.83 new shekels in 2021
₪1,000,000 new shekels in 1987 ₪5,513,583.66 new shekels in 2021
Cumulative inflation From 1987 475.32%
Avg. annual inflation From 1987 5.13%
CPI 1987 18.55
CPI today 106.71

Value of New Shekel over time (by year)

Period Value
1987 100
1988 116.44
1989 140.08
1990 164.27
1991 195.52
1992 219.02
1993 243.07
1994 272.92
1995 300.05
1996 334.24
1997 364.18
1998 384.19
1999 404.08
2000 408.33
2001 413.04
2002 436.82
2003 439.99
2004 438.18
2005 443.93
2006 453.08
2007 455.16
2008 475.91
2009 491.8
2010 505.16
2011 522.74
2012 531.57
2013 539.95
2014 542.57
2015 539.13
2016 536.19
2017 537.5
2018 541.89
2019 546.47
2020 543.25
2021 551.36
2022-05 573.37
Today 575.32

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 |

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