Result: ₪100 in 1989 → ₪444.47 in 2024
The Israeli New Shekel has lost 78% its value since 1989
Updated: September 11, 2025₪100 in 1989 is equivalent in purchasing power to about ₪444.47 today, an increase of ₪344.47 over 35 years. The shekel had an average inflation rate of 4.35% per year between 1989 and today, producing a cumulative price increase of 344.47%.
This means that today's prices are 4.44 times as high as average prices since 1989, according to the OECD and the World Bank consumer price index for Israel. A shekel today only buys 22.499% of what it could buy back then.
The inflation rate in 1989 was 20.35%. The current inflation rate compared to the end of last year is now 3.53%. If this number holds, ₪100 today will be equivalent in buying power to ₪103.53 next year.
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| Cumulative price change | 344.47% |
| Average inflation rate | 4.35% |
| Converted amount ₪100 base | ₪444.47 |
| Price difference ₪100 base | ₪344.47 |
| CPI in 1989 | 25.985 |
| CPI in 2024 | 115.496 |
| Inflation in 1989 | 20.35% |
| Inflation in 2024 | 3.53% |
| ₪100 in 1989 | ₪444.47 in 2024 |
Buying power of ₪100 in 1989
This chart shows a calculation of buying power equivalence for ₪100 in 1989 (price index tracking began in 1959).
For example, if you started with ₪100, you would need to end with ₪444.47 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
When ₪100 is equivalent to ₪444.47 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 1989 dollars, the chart below shows how ₪100 is worth less over 35 years.
According to the OECD and 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 1989 amounts in today's shekels, based on the 344.47% change in prices:
| Initial value | Equivalent value |
|---|---|
| ₪1 shekel in 1989 | ₪4.44 shekels today |
| ₪5 shekels in 1989 | ₪22.22 shekels today |
| ₪10 shekels in 1989 | ₪44.45 shekels today |
| ₪50 shekels in 1989 | ₪222.23 shekels today |
| ₪100 shekels in 1989 | ₪444.47 shekels today |
| ₪500 shekels in 1989 | ₪2,222.35 shekels today |
| ₪1,000 shekels in 1989 | ₪4,444.69 shekels today |
| ₪5,000 shekels in 1989 | ₪22,223.46 shekels today |
| ₪10,000 shekels in 1989 | ₪44,446.92 shekels today |
| ₪50,000 shekels in 1989 | ₪222,234.58 shekels today |
| ₪100,000 shekels in 1989 | ₪444,469.16 shekels today |
| ₪500,000 shekels in 1989 | ₪2,222,345.80 shekels today |
| ₪1,000,000 shekels in 1989 | ₪4,444,691.60 shekels today |
How to calculate inflation rate for ₪100 since 1989
Our calculations use the following inflation rate formula to calculate the change in value between 1989 and today:
CPI today CPI in 1989
×
1989 ILS value
=
Today's value
Then plug in historical CPI values. The Israeli CPI was 25.98523 in the year 1989 and 115.49633351498936 in 2024:
115.4963335149893625.98523
×
₪100
=
₪444.47
₪100 in 1989 has the same "purchasing power" or "buying power" as ₪444.47 in 2024.
To get the total inflation rate for the 35 years between 1989 and 2024, we use the following formula:
CPI in 2024 - CPI in 1989CPI in 1989
×
100
=
Cumulative inflation rate (35 years)
Plugging in the values to this equation, we get:
115.49633351498936 - 25.9852325.98523
×
100
=
344%
Data source & citation
You may use the following MLA citation for this page: “Value of 1989 Israeli New Shekels today | Israel Inflation Calculator.” Official Inflation Data, Alioth Finance, 15 Dec. 2025, https://www.officialdata.org/israel/inflation/1989.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
| Cumulative price change | 344.47% |
| Average inflation rate | 4.35% |
| Converted amount ₪100 base | ₪444.47 |
| Price difference ₪100 base | ₪344.47 |
| CPI in 1989 | 25.985 |
| CPI in 2024 | 115.496 |
| Inflation in 1989 | 20.35% |
| Inflation in 2024 | 3.53% |
| ₪100 in 1989 | ₪444.47 in 2024 |