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