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).