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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.]
The following table provides the inflator/deflator multiplier for calculating referential AUS dollars (rAUD, r$). It is based on the average annual CPI, weighted average of 8 capital cities, for all groups (Australian Bureau of Statistics, 20101). The formula is the following:
|rAUD = nominal AUD + (nominal AUD * multiplier)|
|Year||CPI A.Avg||Base 2010||multiplier|
|*It assumes a 3% inflation rate for each year after 2010. These multipliers should be substituted with the values derived from actual inflation as soon as they are known.|
Want to know more?
- Australian inflation calculator
- Handy online calculator for estimating the value of the Australian dollar over time. The Reserve Bank of Australia's calculator includes inflation for 2010; thus, using it as your base year, you can estimate historical referential Australian dollars (rAUD, r$) with easy.
- 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).
Jose D PEREZGONZALEZ (2011). Massey University, Turitea Campus, Private Bag 11-222, Palmerston North 4442, New Zealand. (JDPerezgonzalez).
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Wiki of Science
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