Value of 1991 Israeli New Shekels today

₪100 in 1991
₪309.92 in 2024

The inflation rate in Israel between 1991 and today has been 209.92%, which translates into a total increase of ₪209.92. This means that 100 new shekels in 1991 are equivalent to 309.92 new shekels in 2024. In other words, the purchasing power of ₪100 in 1991 equals ₪309.92 today. The average annual inflation rate between these periods has been 3.49%.

Inflation timeline in Israel (1991 - 2024)

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 1991-2023 206.67%
Cumulative inflation 1991-today 209.92%
Avg. Annual inflation 1991-2023 3.56%
CPI 1991 36.28
CPI 2023 111.25
CPI 2023-12 (latest official data) 112.09
CPI today 112.43

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 1991 and 2023, use the corresponding CPI values:

Value2023
=Value1991 ×
CPI2023/CPI1991
=₪ 100 ×
111.25/36.28
₪306.67

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 112.43:

Valuetoday
=Value1991 ×
CPItoday/CPI1991
=₪ 100 ×
112.43/36.28
₪309.92

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 32 years between 1991 and 2023 and the average inflation rate was 3.5639%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₪100 × (1 + 0.035639)32
₪306.67

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1991 ₪3.07 new shekels in 2023
₪5 new shekels in 1991 ₪15.33 new shekels in 2023
₪10 new shekels in 1991 ₪30.67 new shekels in 2023
₪50 new shekels in 1991 ₪153.33 new shekels in 2023
₪100 new shekels in 1991 ₪306.67 new shekels in 2023
₪500 new shekels in 1991 ₪1,533.35 new shekels in 2023
₪1,000 new shekels in 1991 ₪3,066.7 new shekels in 2023
₪5,000 new shekels in 1991 ₪15,333.49 new shekels in 2023
₪10,000 new shekels in 1991 ₪30,666.98 new shekels in 2023
₪50,000 new shekels in 1991 ₪153,334.91 new shekels in 2023
₪100,000 new shekels in 1991 ₪306,669.82 new shekels in 2023
₪500,000 new shekels in 1991 ₪1,533,349.08 new shekels in 2023
₪1,000,000 new shekels in 1991 ₪3,066,698.16 new shekels in 2023
Cumulative inflation From 1991 209.92%
Avg. annual inflation From 1991 3.49%
CPI 1991 36.28
CPI today 112.43

Value of New Shekel over time (by year)

Period Value
1991 100
1992 112.02
1993 124.25
1994 139.5
1995 153.36
1996 170.87
1997 186.19
1998 196.42
1999 206.6
2000 208.73
2001 211.13
2002 223.32
2003 224.89
2004 224.03
2005 226.97
2006 231.66
2007 232.71
2008 243.31
2009 251.47
2010 258.24
2011 267.24
2012 271.73
2013 275.99
2014 277.32
2015 275.65
2016 274.13
2017 274.84
2018 277.02
2019 279.38
2020 277.66
2021 281.85
2022 294.24
2023 306.67
2023-12 308.98
Today 309.92

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 | 2023 |

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