20110901 - Referential AUD based on CPI

[Technology] (Note: A newer edition of this article exists)
[<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. (JDPerezgonzalezJDPerezgonzalez).


Other interesting sites
320
Journal KAI
105px-Stylised_Lithium_Atom.png
Wiki of Science
120px-Aileron_roll.gif
AviationKnowledge
Artwork-194-web.jpg
A4art
Artwork-162-web.jpg
The Balanced Nutrition Index
Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License