20130525 - Referential EUR based on HICP (euro area, 2012e)

[<Normal page] [PEREZGONZALEZ Jose D (2012). Referential EUR based on HICP (2012e)3. Knowledge (ISSN 2324-1624), 2013, pages 92-93, doi:10.6084/m9.figshare.706372

# 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, 20121).

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 115.6 109.8 -0.0502
2013* 119.1 109.8 -0.0778
2014* 122.6 109.8 -0.1047
2015* 126.3 109.8 -0.1308
2016* 130.1 109.8 -0.1561
2017* 134.0 109.8 -0.1807
2018* 138.0 109.8 -0.2045
2019* 142.2 109.8 -0.2277
2020* 146.4 109.8 -0.2502
2021* 150.8 109.8 -0.2720
(*It assumes a 3% inflation rate for each year after 2012. These multipliers should be substituted with their real inflation values as soon as they are known.)
References
1. EUROPEAN CENTRAL BANK (2012). 5.1 HICP, other prices and costs. In Monthly Bulletin - Euro Area Statistics Online, 02-05-2013, S47. Retrieved from the European Central Bank on 3 May 2013.
2. PEREZGONZALEZ Jose D (2011). Referential EUR based on HICP (2011e). Journal of Knowledge Advancement & Integration (ISSN 1177-4576), 2012, pages 128-129.
+++ Footnotes +++
3. The 2012 edition updates the 2011 edition2 with the official HICP values for that year.

# Want to know more?

MeasuringWorth
A handy website to learn about different inflation indexes and calculate the value of money according to those indexes.
WikiofScience - Referential currency
You will find a full explanation for the concept of referential currency (thus, for referential euros) on this page.

## Author

Jose D PEREZGONZALEZ (2013). Massey University, Turitea Campus, Private Bag 11-222, Palmerston North 4442, New Zealand. ().

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page revision: 9, last edited: 17 Dec 2014 20:01