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[<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
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|
|(*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.)|
Want to know more?
- 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.
Jose D PEREZGONZALEZ (2013). Massey University, Turitea Campus, Private Bag 11-222, Palmerston North 4442, New Zealand. (JDPerezgonzalez).