Result: ₪100 in 1961 → ₪11,627,100.04 in 2021
Why a shekel today is worth only 0.0% of a shekel in 1961
Updated: May 12, 2021₪100 in 1961 is equivalent in purchasing power to about ₪11,627,100.04 today, an increase of ₪11,627,000.04 over 60 years. The shekel had an average inflation rate of 21.46% per year between 1961 and today, producing a cumulative price increase of 11,627,000.04%.
This means that today's prices are 116,271.00 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 0.84%1. If this number holds, ₪100 today will be equivalent in buying power to ₪100.84 next year.
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| Cumulative price change | 11,627,000.04% |
| Average inflation rate | 21.46% |
| Converted amount (₪100 base) | ₪11,627,100.04 |
| Price difference (₪100 base) | ₪11,627,000.04 |
| CPI in 1961 | 0.001 |
| CPI in 2021 | 109.978 |
| Inflation in 1961 | 6.79% |
| Inflation in 2021 | 0.84% |
| ₪100 in 1961 | ₪11,627,100.04 in 2021 |
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 ₪11,627,100.04 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When ₪100 is equivalent to ₪11,627,100.04 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:
This conversion table shows various other 1961 amounts in today's shekels, based on the 11,627,000.04% change in prices:
| Initial value | Equivalent value |
|---|---|
| ₪1 shekel in 1961 | ₪116,271.00 shekels today |
| ₪5 shekels in 1961 | ₪581,355.00 shekels today |
| ₪10 shekels in 1961 | ₪1,162,710.00 shekels today |
| ₪50 shekels in 1961 | ₪5,813,550.02 shekels today |
| ₪100 shekels in 1961 | ₪11,627,100.04 shekels today |
| ₪500 shekels in 1961 | ₪58,135,500.21 shekels today |
| ₪1,000 shekels in 1961 | ₪116,271,000.43 shekels today |
| ₪5,000 shekels in 1961 | ₪581,355,002.14 shekels today |
| ₪10,000 shekels in 1961 | ₪1,162,710,004.28 shekels today |
| ₪50,000 shekels in 1961 | ₪5,813,550,021.40 shekels today |
| ₪100,000 shekels in 1961 | ₪11,627,100,042.80 shekels today |
| ₪500,000 shekels in 1961 | ₪58,135,500,214.00 shekels today |
| ₪1,000,000 shekels in 1961 | ₪116,271,000,428.00 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 0.0009458779 in the year 1961 and 109.97816971573333 in 2021:
109.978169715733330.0009458779
×
₪100
=
₪11,627,100.04
₪100 in 1961 has the same "purchasing power" or "buying power" as ₪11,627,100.04 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:
109.97816971573333 - 0.00094587790.0009458779
×
100
=
11,627,000%
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, 17 May. 2021, https://www.officialdata.org/israel/inflation.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 11,627,000.04% |
| Average inflation rate | 21.46% |
| Converted amount (₪100 base) | ₪11,627,100.04 |
| Price difference (₪100 base) | ₪11,627,000.04 |
| CPI in 1961 | 0.001 |
| CPI in 2021 | 109.978 |
| Inflation in 1961 | 6.79% |
| Inflation in 2021 | 0.84% |
| ₪100 in 1961 | ₪11,627,100.04 in 2021 |