**Result:**
₪100
in 1961 →
₪11,530,063.43
in 2020

According to the World Bank consumer price index for Israel, today's prices in 2020 are 11,529,963.43% higher than average prices since 1961. This means that a shekel today only buys 0.00% of what it could buy in 1961. The Israeli New Shekel experienced an average inflation rate of 21.84% per year during this period, causing the real value of a shekel to decrease.

In other words, ₪100 in 1961 is equivalent in purchasing power to about ₪11,530,063.43 in 2020, a difference of ₪11,529,963.43 over 59 years. This inflation data is collected by the World Bank and is specific to Israel.

The 1961 inflation rate was 6.79%. The current year-over-year inflation rate (2019 to 2020) is now 0.84%^{1}.
If this number holds, ₪100 today will be equivalent in buying power to ₪100.84 next year.

⌃

Cumulative price change | 11,529,963.43% |

Average inflation rate | 21.84% |

Converted amount (₪100 base) | ₪11,530,063.43 |

Price difference (₪100 base) | ₪11,529,963.43 |

CPI in 1961 | 0.001 |

CPI in 2020 | 109.060 |

Inflation in 1961 | 6.79% |

Inflation in 2020 | 0.84% |

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 ₪11,530,063.43 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ₪100 is equivalent to ₪11,530,063.43 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 59 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 11,529,963.43% change in prices:

Initial value | Equivalent value |
---|---|

₪1 shekel in 1961 | ₪115,300.63 shekels today |

₪5 shekels in 1961 | ₪576,503.17 shekels today |

₪10 shekels in 1961 | ₪1,153,006.34 shekels today |

₪50 shekels in 1961 | ₪5,765,031.71 shekels today |

₪100 shekels in 1961 | ₪11,530,063.43 shekels today |

₪500 shekels in 1961 | ₪57,650,317.14 shekels today |

₪1,000 shekels in 1961 | ₪115,300,634.29 shekels today |

₪5,000 shekels in 1961 | ₪576,503,171.43 shekels today |

₪10,000 shekels in 1961 | ₪1,153,006,342.87 shekels today |

₪50,000 shekels in 1961 | ₪5,765,031,714.33 shekels today |

₪100,000 shekels in 1961 | ₪11,530,063,428.65 shekels today |

₪500,000 shekels in 1961 | ₪57,650,317,143.27 shekels today |

₪1,000,000 shekels in 1961 | ₪115,300,634,286.54 shekels today |

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 109.06032182761633 in 2020:

109.060321827616330.0009458779

×

₪100

=

₪100 in 1961 has the same "purchasing power" or "buying power" as ₪11,530,063.43 in 2020.

To get the total inflation rate for the 59 years between 1961 and 2020, we use the following formula:

CPI in 2020 - CPI in 1961CPI in 1961

×

100

=

Plugging in the values to this equation, we get:

109.06032182761633 - 0.00094587790.0009458779

×

100

=

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.

You may use the following MLA citation for this page: “Israel Inflation Calculator: World Bank data, 1961-2020 (ILS).” Official Inflation Data, Alioth Finance, 17 Sep. 2020, https://www.officialdata.org/israel/inflation.

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

Cumulative price change | 11,529,963.43% |

Average inflation rate | 21.84% |

Converted amount (₪100 base) | ₪11,530,063.43 |

Price difference (₪100 base) | ₪11,529,963.43 |

CPI in 1961 | 0.001 |

CPI in 2020 | 109.060 |

Inflation in 1961 | 6.79% |

Inflation in 2020 | 0.84% |