Value of 1999 Israeli New Shekels today

₪100 in 1999
₪145.89 in 2023

The inflation rate in Israel between 1999 and today has been 45.89%, which translates into a total increase of ₪45.89. This means that 100 new shekels in 1999 are equivalent to 145.89 new shekels in 2023. In other words, the purchasing power of ₪100 in 1999 equals ₪145.89 today. The average annual inflation rate between these periods has been 1.59%.

Inflation timeline in Israel (1999 - 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 1999-2022 42.45%
Cumulative inflation 1999-today 45.89%
Avg. Annual inflation 1999-2022 1.55%
CPI 1999 74.95
CPI 2022 106.76
CPI 2022-12 (latest official data) 108.87
CPI today 109.34

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 1999 and 2022, use the corresponding CPI values:

Value2022
=Value1999 ×
CPI2022/CPI1999
=₪ 100 ×
106.76/74.95
₪142.45

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 109.34:

Valuetoday
=Value1999 ×
CPItoday/CPI1999
=₪ 100 ×
109.34/74.95
₪145.89

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 23 years between 1999 and 2022 and the average inflation rate was 1.5501%. Therefore, we can resolve the formula like this:

Value2022
=PV × (1 + i)n
=₪100 × (1 + 0.015501)23
₪142.45

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1999 ₪1.42 new shekels in 2022
₪5 new shekels in 1999 ₪7.12 new shekels in 2022
₪10 new shekels in 1999 ₪14.24 new shekels in 2022
₪50 new shekels in 1999 ₪71.22 new shekels in 2022
₪100 new shekels in 1999 ₪142.45 new shekels in 2022
₪500 new shekels in 1999 ₪712.23 new shekels in 2022
₪1,000 new shekels in 1999 ₪1,424.46 new shekels in 2022
₪5,000 new shekels in 1999 ₪7,122.28 new shekels in 2022
₪10,000 new shekels in 1999 ₪14,244.56 new shekels in 2022
₪50,000 new shekels in 1999 ₪71,222.8 new shekels in 2022
₪100,000 new shekels in 1999 ₪142,445.59 new shekels in 2022
₪500,000 new shekels in 1999 ₪712,227.95 new shekels in 2022
₪1,000,000 new shekels in 1999 ₪1,424,455.9 new shekels in 2022
Cumulative inflation From 1999 45.89%
Avg. annual inflation From 1999 1.59%
CPI 1999 74.95
CPI today 109.34

Value of New Shekel over time (by year)

Period Value
1999 100
2000 101.05
2001 102.22
2002 108.1
2003 108.89
2004 108.44
2005 109.86
2006 112.13
2007 112.64
2008 117.78
2009 121.71
2010 125.02
2011 129.37
2012 131.55
2013 133.62
2014 134.27
2015 133.42
2016 132.69
2017 133.02
2018 134.11
2019 135.24
2020 134.44
2021 136.45
2022 142.45
2022-12 145.26
Today 145.89

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 |

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