|[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.]|
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|
|(*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.)|
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 (2012). Massey University, Turitea Campus, Private Bag 11-222, Palmerston North 4442, New Zealand. (JDPerezgonzalez).