20110901 - Referential AUD based on CPI
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[<Normal page] [PEREZGONZALEZ Jose D (2010). Referential AUD based on CPI. Journal of Knowledge Advancement & Integration (ISSN 1177-4576), 2011, pages 95-96.]
Referential AUD
The following table provides the inflator/deflator multiplier for calculating referential AUS dollars (rAUD, r$). It is based on the average annual CPI, weighted average of 8 capital cities, for all groups (Australian Bureau of Statistics, 20101). The formula is the following:
rAUD = nominal AUD + (nominal AUD * multiplier) |
Year | CPI A.Avg | Base 2010 | multiplier | |
---|---|---|---|---|
2000 | 128.4 | 172.6 | 0.3442 | |
2001 | 134.0 | 172.6 | 0.2878 | |
2002 | 138.1 | 172.6 | 0.2503 | |
2003 | 141.9 | 172.6 | 0.2166 | |
2004 | 145.2 | 172.6 | 0.1887 | |
2005 | 149.1 | 172.6 | 0.1578 | |
2006 | 154.4 | 172.6 | 0.1182 | |
2007 | 158.0 | 172.6 | 0.0928 | |
2008 | 164.8 | 172.6 | 0.0472 | |
2009 | 167.8 | 172.6 | 0.0285 | |
2010 | 172.6 | 172.6 | 0.0000 | |
2011* | 177.8 | 172.6 | -0.0291 | |
2012* | 183.1 | 172.6 | -0.0574 | |
2013* | 188.6 | 172.6 | -0.0849 | |
2014* | 194.3 | 172.6 | -0.1115 | |
2015* | 200.1 | 172.6 | -0.1374 | |
*It assumes a 3% inflation rate for each year after 2010. These multipliers should be substituted with the values derived from actual inflation as soon as they are known. |
References
1. AUSTRALIAN BUREAU OF STATISTICS (2010). Consumer price index, Australia. Retrieved from the Australian Bureau of Statistics on 24 July 2011.
Want to know more?
- Australian inflation calculator
- Handy online calculator for estimating the value of the Australian dollar over time. The Reserve Bank of Australia's calculator includes inflation for 2010; thus, using it as your base year, you can estimate historical referential Australian dollars (rAUD, r$) with easy.
- MeasuringWorth
- A handy website to learn about different inflation indexes and calculate the value of money according to those indexes.
- Wiki of Science - Referential currency (list of topics)
- This Wiki of Science page provides a list of topics related to referential currencies (including to a full explanation of the concept of referential currency, thus, of referential dollars).
Author
Jose D PEREZGONZALEZ (2011). Massey University, Turitea Campus, Private Bag 11-222, Palmerston North 4442, New Zealand. (JDPerezgonzalez).
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page revision: 7, last edited: 17 Apr 2012 03:21