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, 2010 ^{1})*. 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).

Other interesting sites |

Journal KAI |
Wiki of Science |
AviationKnowledge |
A4art |
The Balanced Nutrition Index |

page revision: 7, last edited: 17 Apr 2012 03:21