20120418 - Referential EUR based on HICP (2011e)

[Technology]

[<Normal page] [PEREZGONZALEZ Jose D (2011). Referential EUR based on HICP (2011e)³. Journal of Knowledge Advancement & Integration (ISSN 1177-4576), 2012, pages 128-129.]

Referential EUR

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, 2011¹).

The formula for calculating rEUR is the following:

rEUR = nominal EUR + (nominal EUR * multiplier)

Year	HICP A.Avg	Base 2010	multiplier
2008	107.8	109.8	0.0186
2009	108.1	109.8	0.0157
2010	109.8	109.8	0.0000
2011	112.8	109.8	-0.0266
2012*	116.2	109.8	-0.0549
2013*	119.7	109.8	-0.0825
2014*	123.3	109.8	-0.1092
2015*	127.0	109.8	-0.1351
2016*	130.8	109.8	-0.1603
2017*	134.7	109.8	-0.1848
2018*	138.7	109.8	-0.2085
2019*	142.9	109.8	-0.2316
2020*	147.2	109.8	-0.2540
2021*	151.6	109.8	-0.2757
(It assumes a 3% inflation rate for each year after 2011. These multipliers should be substituted with their real inflation values as soon as they are known.)*

References

1. EUROPEAN CENTRAL BANK (2011). HICP, other prices and costs. Retrieved from the European Central Bank on 16 April 2012.

2. PEREZGONZALEZ Jose D (2010). Referential EUR based on HICP. Journal of Knowledge Advancement & Integration (ISSN 1177-4576), 2011, pages 118-119.

+++ Footnotes +++

3. The 2011 edition corrects the 2010 edition², which reported the HICP for 'industry, construction and residential properties prices' instead of the HICP proper. It also includes the official HICP values for 2011.

Want to know more?

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: You will find a full explanation for the concept of referential currency (thus, for referential dollars) in this page.