20110902 - Referential GBP based on CPI (2010e)

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[<Normal page] [PEREZGONZALEZ Jose D (2010). Referential GBP based on CPI. Journal of Knowledge Advancement & Integration (ISSN 1177-4576), 2011, pages 97-98.]

Referential GBP

The following table provides the inflator/deflator multiplier for calculating referential British pounds (rGBP, r£). It is based on the average annual CPI for Great Britain (Rate Inflation, 20101). The formula is the following:

rGBP = nominal GBP + (nominal GBP * multiplier)
Year CPI A.Avg Base 2010 multiplier
1988 63.5 114.5 0.8031
1989 66.8 114.5 0.7141
1990 71.5 114.5 0.6014
1991 76.8 114.5 0.4909
1992 80.1 114.5 0.4295
1993 82.1 114.5 0.3946
1994 83.8 114.5 0.3663
1995 86.0 114.5 0.3314
1996 88.1 114.5 0.2997
1997 89.7 114.5 0.2765
1998 91.1 114.5 0.2569
1999 92.3 114.5 0.2405
2000 93.1 114.5 0.2299
2001 94.2 114.5 0.2155
2002 95.4 114.5 0.2002
2003 96.7 114.5 0.1841
2004 98.0 114.5 0.1684
2005 100.0 114.5 0.1450
2006 102.3 114.5 0.1193
2007 104.7 114.5 0.0936
2008 108.5 114.5 0.0553
2009 110.8 114.5 0.0334
2010 114.5 114.5 0.0000
2011* 117.9 114.5 -0.0291
2012* 121.5 114.5 -0.0574
2013* 125.1 114.5 -0.0849
2014* 128.9 114.5 -0.1115
2015* 132.7 114.5 -0.1374
*It assumes an annual 3% inflation rate. These multipliers should be substituted with the values derived from actual inflation as soon as they are known.
References
1. RATE INFLATION (2010). UK - Consumer Price Index (CPI) history. Retrieved from Rate Inflation on 1 September 2011.

Want to know more?

British pound inflation calculator
Handy online calculator for estimating the value of the pound over time. Safalra's historical UK inflation price conversion calculator includes inflation for 2010; thus, using it as your base year, you can estimate historical referential British pounds (rGBP, 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).


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