Value of 2009 Israeli New Shekels today

₪100 in 2009
₪116.22 in 2022

The inflation rate in Israel between 2009 and today has been 16.22%, which translates into a total increase of ₪16.22. This means that 100 new shekels in 2009 are equivalent to 116.22 new shekels in 2022. In other words, the purchasing power of ₪100 in 2009 equals ₪116.22 today. The average annual inflation rate between these periods has been 1.16%.

Inflation timeline in Israel (2009 - 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 2009-2021 12.11%
Cumulative inflation 2009-today 16.22%
Avg. Annual inflation 2009-2021 0.96%
CPI 2009 91.22
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 2009 and 2021, use the corresponding CPI values:

Value2021
=Value2009 ×
CPI2021/CPI2009
=₪ 100 ×
102.27/91.22
₪112.11

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

Valuetoday
=Value2009 ×
CPItoday/CPI2009
=₪ 100 ×
106.02/91.22
₪116.22

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 12 years between 2009 and 2021 and the average inflation rate was 0.9571%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=₪100 × (1 + 0.009571)12
₪112.11

Israel inflation - Conversion table

Initial Value Equivalent value
₪1 new shekel in 2009 ₪1.12 new shekels in 2021
₪5 new shekels in 2009 ₪5.61 new shekels in 2021
₪10 new shekels in 2009 ₪11.21 new shekels in 2021
₪50 new shekels in 2009 ₪56.05 new shekels in 2021
₪100 new shekels in 2009 ₪112.11 new shekels in 2021
₪500 new shekels in 2009 ₪560.55 new shekels in 2021
₪1,000 new shekels in 2009 ₪1,121.1 new shekels in 2021
₪5,000 new shekels in 2009 ₪5,605.49 new shekels in 2021
₪10,000 new shekels in 2009 ₪11,210.97 new shekels in 2021
₪50,000 new shekels in 2009 ₪56,054.86 new shekels in 2021
₪100,000 new shekels in 2009 ₪112,109.72 new shekels in 2021
₪500,000 new shekels in 2009 ₪560,548.59 new shekels in 2021
₪1,000,000 new shekels in 2009 ₪1,121,097.19 new shekels in 2021
Cumulative inflation From 2009 16.22%
Avg. annual inflation From 2009 1.16%
CPI 2009 91.22
CPI today 106.02

Value of New Shekel over time (by year)

Period Value
2009 100
2010 102.72
2011 106.29
2012 108.09
2013 109.79
2014 110.32
2015 109.62
2016 109.02
2017 109.29
2018 110.19
2019 111.12
2020 110.46
2021 112.11
2022-04 115.92
Today 116.22

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: