Value of 2006 Israeli New Shekels today

₪100 in 2006
₪129.33 in 2022

The inflation rate in Israel between 2006 and today has been 29.33%, which translates into a total increase of ₪29.33. This means that 100 new shekels in 2006 are equivalent to 129.33 new shekels in 2022. In other words, the purchasing power of ₪100 in 2006 equals ₪129.33 today. The average annual inflation rate between these periods has been 1.62%.

Inflation timeline in Israel (2006 - 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 2006-2021 21.69%
Cumulative inflation 2006-today 29.33%
Avg. Annual inflation 2006-2021 1.32%
CPI 2006 84.04
CPI 2021 102.27
CPI 2022-07 (latest official data) 107.96
CPI today 108.69

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 2006 and 2021, use the corresponding CPI values:

Value2021
=Value2006 ×
CPI2021/CPI2006
=₪ 100 ×
102.27/84.04
₪121.69

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 108.69:

Valuetoday
=Value2006 ×
CPItoday/CPI2006
=₪ 100 ×
108.69/84.04
₪129.33

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 15 years between 2006 and 2021 and the average inflation rate was 1.3174%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₪100 × (1 + 0.013174)15
₪121.69

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 2006 ₪1.22 new shekels in 2021
₪5 new shekels in 2006 ₪6.08 new shekels in 2021
₪10 new shekels in 2006 ₪12.17 new shekels in 2021
₪50 new shekels in 2006 ₪60.85 new shekels in 2021
₪100 new shekels in 2006 ₪121.69 new shekels in 2021
₪500 new shekels in 2006 ₪608.46 new shekels in 2021
₪1,000 new shekels in 2006 ₪1,216.91 new shekels in 2021
₪5,000 new shekels in 2006 ₪6,084.56 new shekels in 2021
₪10,000 new shekels in 2006 ₪12,169.13 new shekels in 2021
₪50,000 new shekels in 2006 ₪60,845.63 new shekels in 2021
₪100,000 new shekels in 2006 ₪121,691.27 new shekels in 2021
₪500,000 new shekels in 2006 ₪608,456.34 new shekels in 2021
₪1,000,000 new shekels in 2006 ₪1,216,912.68 new shekels in 2021
Cumulative inflation From 2006 29.33%
Avg. annual inflation From 2006 1.62%
CPI 2006 84.04
CPI today 108.69

Value of New Shekel over time (by year)

Period Value
2006 100
2007 100.46
2008 105.04
2009 108.55
2010 111.5
2011 115.37
2012 117.32
2013 119.17
2014 119.75
2015 118.99
2016 118.34
2017 118.63
2018 119.6
2019 120.61
2020 119.9
2021 121.69
2022-07 128.47
Today 129.33

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 |

Other currencies: