Value of 1996 Israeli New Shekels today

₪100 in 1996
₪171.01 in 2022

The inflation rate in Israel between 1996 and today has been 71.01%, which translates into a total increase of ₪71.01. This means that 100 new shekels in 1996 are equivalent to 171.01 new shekels in 2022. In other words, the purchasing power of ₪100 in 1996 equals ₪171.01 today. The average annual inflation rate between these periods has been 2.09%.

Inflation timeline in Israel (1996 - 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 1996-2021 64.96%
Cumulative inflation 1996-today 71.01%
Avg. Annual inflation 1996-2021 2.02%
CPI 1996 62
CPI 2021 102.27
CPI 2022-04 (latest official data) 105.75
CPI today 106.02

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 1996 and 2021, use the corresponding CPI values:

Value2021
=Value1996 ×
CPI2021/CPI1996
=₪ 100 ×
102.27/62
₪164.96

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 106.02:

Valuetoday
=Value1996 ×
CPItoday/CPI1996
=₪ 100 ×
106.02/62
₪171.01

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 25 years between 1996 and 2021 and the average inflation rate was 2.0223%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₪100 × (1 + 0.020223)25
₪164.96

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1996 ₪1.65 new shekels in 2021
₪5 new shekels in 1996 ₪8.25 new shekels in 2021
₪10 new shekels in 1996 ₪16.5 new shekels in 2021
₪50 new shekels in 1996 ₪82.48 new shekels in 2021
₪100 new shekels in 1996 ₪164.96 new shekels in 2021
₪500 new shekels in 1996 ₪824.8 new shekels in 2021
₪1,000 new shekels in 1996 ₪1,649.59 new shekels in 2021
₪5,000 new shekels in 1996 ₪8,247.96 new shekels in 2021
₪10,000 new shekels in 1996 ₪16,495.93 new shekels in 2021
₪50,000 new shekels in 1996 ₪82,479.64 new shekels in 2021
₪100,000 new shekels in 1996 ₪164,959.27 new shekels in 2021
₪500,000 new shekels in 1996 ₪824,796.35 new shekels in 2021
₪1,000,000 new shekels in 1996 ₪1,649,592.71 new shekels in 2021
Cumulative inflation From 1996 71.01%
Avg. annual inflation From 1996 2.09%
CPI 1996 62
CPI today 106.02

Value of New Shekel over time (by year)

Period Value
1996 100
1997 108.96
1998 114.95
1999 120.89
2000 122.17
2001 123.58
2002 130.69
2003 131.64
2004 131.1
2005 132.82
2006 135.56
2007 136.18
2008 142.38
2009 147.14
2010 151.14
2011 156.4
2012 159.04
2013 161.54
2014 162.33
2015 161.3
2016 160.42
2017 160.81
2018 162.13
2019 163.5
2020 162.53
2021 164.96
2022-04 170.57
Today 171.01

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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