Value of 1999 Israeli New Shekels today

₪100 in 1999
₪152.59 in 2024

The inflation rate in Israel between 1999 and today has been 52.59%, which translates into a total increase of ₪52.59. This means that 100 new shekels in 1999 are equivalent to 152.59 new shekels in 2024. In other words, the purchasing power of ₪100 in 1999 equals ₪152.59 today. The average annual inflation rate between these periods has been 1.7%.

Inflation timeline in Israel (1999 - 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 1999-2023 48.44%
Cumulative inflation 1999-today 52.59%
Avg. Annual inflation 1999-2023 1.66%
CPI 1999 74.95
CPI 2023 111.25
CPI 2024-04 (latest official data) 114.12
CPI today 114.36

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 2023, use the corresponding CPI values:

Value2023
=Value1999 ×
CPI2023/CPI1999
=₪ 100 ×
111.25/74.95
₪148.44

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 114.36:

Valuetoday
=Value1999 ×
CPItoday/CPI1999
=₪ 100 ×
114.36/74.95
₪152.59

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 24 years between 1999 and 2023 and the average inflation rate was 1.6595%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₪100 × (1 + 0.016595)24
₪148.44

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 1999 ₪1.48 new shekels in 2023
₪5 new shekels in 1999 ₪7.42 new shekels in 2023
₪10 new shekels in 1999 ₪14.84 new shekels in 2023
₪50 new shekels in 1999 ₪74.22 new shekels in 2023
₪100 new shekels in 1999 ₪148.44 new shekels in 2023
₪500 new shekels in 1999 ₪742.2 new shekels in 2023
₪1,000 new shekels in 1999 ₪1,484.39 new shekels in 2023
₪5,000 new shekels in 1999 ₪7,421.96 new shekels in 2023
₪10,000 new shekels in 1999 ₪14,843.91 new shekels in 2023
₪50,000 new shekels in 1999 ₪74,219.56 new shekels in 2023
₪100,000 new shekels in 1999 ₪148,439.12 new shekels in 2023
₪500,000 new shekels in 1999 ₪742,195.61 new shekels in 2023
₪1,000,000 new shekels in 1999 ₪1,484,391.22 new shekels in 2023
Cumulative inflation From 1999 52.59%
Avg. annual inflation From 1999 1.7%
CPI 1999 74.95
CPI today 114.36

Value of New Shekel over time (by year)

Period Value
1999 100
2000 101.03
2001 102.2
2002 108.09
2003 108.85
2004 108.44
2005 109.86
2006 112.13
2007 112.64
2008 117.77
2009 121.72
2010 125
2011 129.35
2012 131.53
2013 133.59
2014 134.23
2015 133.42
2016 132.69
2017 133.03
2018 134.09
2019 135.23
2020 134.4
2021 136.43
2022 142.42
2023 148.44
2024-04 152.26
Today 152.59

All available years

Today's value of israeli new shekels by year:

1970 | 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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