|[Technology]||(Note: A corrected edition of this article exists2)
[<Normal page] [PEREZGONZALEZ Jose D (2010). Referential EUR based on HICP. Journal of Knowledge Advancement & Integration (ISSN 1177-4576), 2011, pages 118-119.]
The following table provides the inflator/deflator multiplier for calculating referential euros (rEUR, r€). It is based on the average annual HICP for the euro area, changing composition (European Central Bank, 20101).
The formula for calculating rEUR is the following:
|rEUR = nominal EUR + (nominal EUR * multiplier)|
|Year||HICP A.Avg||Base 2010||multiplier|
|*It assumes a 3% annual inflation rate. These multipliers should be substituted with multipliers based on actual inflation values as soon as these are known.|
Want to know more?
- A handy website to learn about different inflation indexes and calculate the value of money according to those indexes.
- Wiki of Science - Referential currency
- You will find a full explanation for the concept of referential currency (thus, for referential dollars) in this page.
Jose D PEREZGONZALEZ (2011). Massey University, Turitea Campus, Private Bag 11-222, Palmerston North 4442, New Zealand. (JDPerezgonzalez).