Israel Inflation Calculator

Result: ₪100 in 1961 → ₪11,150,517.05 in 2021


Why a shekel today is worth only 0.0% of a shekel in 1961

Updated: July 13, 2021

₪100 in 1961 is equivalent in purchasing power to about ₪11,150,517.05 today, an increase of ₪11,150,417.05 over 60 years. The shekel had an average inflation rate of 21.37% per year between 1961 and today, producing a cumulative price increase of 11,150,417.05%.

This means that today's prices are 111,505.17 times higher than average prices since 1961, according to the World Bank consumer price index for Israel. A shekel today only buys 0.00% of what it could buy back then.

The 1961 inflation rate was 6.79%. The current year-over-year inflation rate (2020 to 2021) is now -0.59%1. If this number holds, ₪100 today will be equivalent in buying power to ₪99.41 next year.


Inflation from 1961 to 2021
Cumulative price change 11,150,417.05%
Average inflation rate 21.37%
Converted amount (₪100 base) ₪11,150,517.05
Price difference (₪100 base) ₪11,150,417.05
CPI in 1961 0.001
CPI in 2021 106.907
Inflation in 1961 6.79%
Inflation in 2021 -0.59%
₪100 in 1961 ₪11,150,517.05 in 2021

ILS Inflation since 1960
Annual Rate, the World Bank CPI
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Buying power of ₪100 in 1961

This chart shows a calculation of buying power equivalence for ₪100 in 1961 (price index tracking began in 1960).

For example, if you started with ₪100, you would need to end with ₪11,150,517.05 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ₪100 is equivalent to ₪11,150,517.05 over time, that means that the "real value" of a single Israeli shekel decreases over time. In other words, a shekel will pay for fewer items at the store.

This effect explains how inflation erodes the value of a shekel over time. By calculating the value in 1961 dollars, the chart below shows how ₪100 is worth less over 60 years.

According to the World Bank, each of these ILS amounts below is equal in terms of what it could buy at the time:

Shekel inflation: 1961-2021
Year Shekel Value Inflation Rate
1961 ₪100.00 6.79%
1962 ₪109.41 9.41%
1963 ₪116.61 6.58%
1964 ₪122.64 5.17%
1965 ₪132.09 7.71%
1966 ₪142.57 7.93%
1967 ₪145.00 1.71%
1968 ₪148.02 2.08%
1969 ₪151.66 2.46%
1970 ₪160.92 6.11%
1971 ₪180.19 11.97%
1972 ₪203.40 12.88%
1973 ₪244.15 20.03%
1974 ₪341.02 39.68%
1975 ₪475.07 39.31%
1976 ₪623.82 31.31%
1977 ₪839.76 34.62%
1978 ₪1,264.27 50.55%
1979 ₪2,254.31 78.31%
1980 ₪5,208.03 131.03%
1981 ₪11,291.46 116.81%
1982 ₪24,882.35 120.36%
1983 ₪61,120.39 145.64%
1984 ₪289,600.97 373.82%
1985 ₪1,171,679.67 304.58%
1986 ₪1,733,674.46 47.96%
1987 ₪2,064,699.68 19.09%
1988 ₪2,404,140.80 16.44%
1989 ₪2,892,262.74 20.30%
1990 ₪3,391,605.87 17.26%
1991 ₪4,036,824.52 19.02%
1992 ₪4,522,141.16 12.02%
1993 ₪5,018,678.99 10.98%
1994 ₪5,634,909.56 12.28%
1995 ₪6,195,034.15 9.94%
1996 ₪6,901,034.27 11.40%
1997 ₪7,519,135.04 8.96%
1998 ₪7,932,449.02 5.50%
1999 ₪8,342,957.69 5.18%
2000 ₪8,430,857.05 1.05%
2001 ₪8,528,107.39 1.15%
2002 ₪9,019,034.63 5.76%
2003 ₪9,084,491.59 0.73%
2004 ₪9,047,087.61 -0.41%
2005 ₪9,165,845.25 1.31%
2006 ₪9,354,735.35 2.06%
2007 ₪9,397,749.92 0.46%
2008 ₪9,826,025.49 4.56%
2009 ₪10,154,245.42 3.34%
2010 ₪10,430,099.77 2.72%
2011 ₪10,792,918.37 3.48%
2012 ₪10,975,262.77 1.69%
2013 ₪11,148,256.18 1.58%
2014 ₪11,202,491.95 0.49%
2015 ₪11,131,424.39 -0.63%
2016 ₪11,070,642.92 -0.55%
2017 ₪11,097,760.81 0.24%
2018 ₪11,188,465.46 0.82%
2019 ₪11,282,910.51 0.84%
2020 ₪11,216,518.44 -0.59%
2021 ₪11,150,517.05 -0.59%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 54 more rows

This conversion table shows various other 1961 amounts in today's shekels, based on the 11,150,417.05% change in prices:

Conversion: 1961 shekels today
Initial value Equivalent value
₪1 shekel in 1961 ₪111,505.17 shekels today
₪5 shekels in 1961 ₪557,525.85 shekels today
₪10 shekels in 1961 ₪1,115,051.70 shekels today
₪50 shekels in 1961 ₪5,575,258.52 shekels today
₪100 shekels in 1961 ₪11,150,517.05 shekels today
₪500 shekels in 1961 ₪55,752,585.24 shekels today
₪1,000 shekels in 1961 ₪111,505,170.48 shekels today
₪5,000 shekels in 1961 ₪557,525,852.40 shekels today
₪10,000 shekels in 1961 ₪1,115,051,704.81 shekels today
₪50,000 shekels in 1961 ₪5,575,258,524.03 shekels today
₪100,000 shekels in 1961 ₪11,150,517,048.07 shekels today
₪500,000 shekels in 1961 ₪55,752,585,240.33 shekels today
₪1,000,000 shekels in 1961 ₪111,505,170,480.67 shekels today

How to Calculate Inflation Rate for ₪100 since 1961

Our calculations use the following inflation rate formula to calculate the change in value between 1961 and today:

CPI today CPI in 1961
×
1961 ILS value
=
Today's value

Then plug in historical CPI values. The Israeli CPI was 0.0009587636 in the year 1961 and 106.90709866865726 in 2021:

106.907098668657260.0009587636
×
₪100
=
₪11,150,517.05

₪100 in 1961 has the same "purchasing power" or "buying power" as ₪11,150,517.05 in 2021.

To get the total inflation rate for the 60 years between 1961 and 2021, we use the following formula:

CPI in 2021 - CPI in 1961CPI in 1961
×
100
=
Cumulative inflation rate (60 years)

Plugging in the values to this equation, we get:

106.90709866865726 - 0.00095876360.0009587636
×
100
=
11,150,417%

News headlines from 1961

Politics and news often influence economic performance. Here's what was happening at the time:

  • A dog named Chernushka, frogs, and a guinea pig orbit the Earth in the Soviet flight Sputnik 9.
  • Nelson Mandela is acquitted of treason after a four-and-a-half year trial.

Data Source & Citation

You may use the following MLA citation for this page: “Israel Inflation Calculator: World Bank data, 1961-2021 (ILS).” Official Inflation Data, Alioth Finance, 1 Aug. 2021, https://www.officialdata.org/israel/inflation.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 1961 to 2021
Cumulative price change 11,150,417.05%
Average inflation rate 21.37%
Converted amount (₪100 base) ₪11,150,517.05
Price difference (₪100 base) ₪11,150,417.05
CPI in 1961 0.001
CPI in 2021 106.907
Inflation in 1961 6.79%
Inflation in 2021 -0.59%
₪100 in 1961 ₪11,150,517.05 in 2021