20130615 - Referential AUD based on CPI (2012e)

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[<Normal page] [PEREZGONZALEZ Jose D (2012). Referential AUD based on CPI (2012e)⁴. Knowledge (ISSN 2324-1624), 2013, pages 100-102, doi:10.6084/m9.figshare.718971]

Referential AUD

The following table provides the inflator/deflator multiplier for calculating referential AUS dollars (rAUD, r$). It is based on the average annual CPI (Consumer Price Index), weighted average of 8 capital cities, for all groups (Rate Inflation, 2012³). The formula is the following:

rAUD = nominal AUD + (nominal AUD * multiplier)

Year	CPI A.Avg	Base 2010	multiplier
1948	1.9	96.1	49.5789
1949	4.0	96.1	23.0250
1950	4.4	96.1	20.8409
1951	5.2	96.1	17.4808
1952	6.1	96.1	14.7541
1953	6.4	96.1	14.0156
1954	6.5	96.1	13.7846
1955	6.6	96.1	13.5606
1956	7.0	96.1	12.7286
1957	7.2	96.1	12.3472
1958	7.2	96.1	12.3472
1959	7.4	96.1	11.9865
1960	7.7	96.1	11.4805
1961	7.8	96.1	11.3205
1962	7.8	96.1	11.3205
1963	7.9	96.1	11.1646
1964	8.1	96.1	10.8642
1965	8.4	96.1	10.4405
1966	8.6	96.1	10.1744
1967	8.9	96.1	9.7978
1968	9.2	96.1	9.4457
1969	9.5	96.1	9.1158
1970	9.8	96.1	8.8061
1971	10.4	96.1	8.2404
1972	11.0	96.1	7.7364
1973	12.0	96.1	7.0083
1974	13.9	96.1	5.9137
1975	16.0	96.1	5.0063
1976	18.1	96.1	4.3094
1977	20.3	96.1	3.7340
1978	21.9	96.1	3.3881
1979	23.9	96.1	3.0209
1980	26.4	96.1	2.6402
1981	28.9	96.1	2.3253
1982	32.1	96.1	1.9938
1983	35.4	96.1	1.7147
1984	36.8	96.1	1.6114
1985	39.2	96.1	1.4515
1986	42.8	96.1	1.2453
1987	46.4	96.1	1.0711
1988	49.8	96.1	0.9297
1989	53.5	96.1	0.7963
1990	57.5	96.1	0.6713
1991	59.3	96.1	0.6206
1992	59.9	96.1	0.6043
1993	60.9	96.1	0.5780
1994	62.1	96.1	0.5475
1995	65.0	96.1	0.4785
1996	66.7	96.1	0.4408
1997	66.9	96.1	0.4365
1998	67.4	96.1	0.4258
1999	68.4	96.1	0.4050
2000	71.5	96.1	0.3441
2001	74.6	96.1	0.2882
2002	76.9	96.1	0.2497
2003	79.0	96.1	0.2165
2004	80.8	96.1	0.1894
2005	83.0	96.1	0.1578
2006	85.9	96.1	0.1187
2007	87.9	96.1	0.0933
2008	91.8	96.1	0.0468
2009	93.4	96.1	0.0289
2010	96.1	96.1	0.0000
2011	99.3	96.1	-0.0322
2012	101.0	96.1	-0.0485
2013*	104.0	96.1	-0.0762
2014*	107.2	96.1	-0.1031
2015*	110.4	96.1	-0.1293
2016*	113.7	96.1	-0.1546
2017*	117.1	96.1	-0.1792
2018*	120.6	96.1	-0.2031
2019*	124.2	96.1	-0.2264
2020*	127.9	96.1	-0.2489
2021*	131.8	96.1	-0.2708
(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. AUSTRALIAN TAXATION OFFICE (2013). Consumer price index (CPI) rates. Retrieved from Australian Taxation Office for the Commonwealth of Australia website on 19 May 2013.

2. PEREZGONZALEZ Jose D (2011). Referential AUD based on CPI (2011e). Journal of Knowledge Advancement & Integration (ISSN 1177-4576), 2012, pages 130-132.

3. RATE INFLATION (2012). Australian Consumer Price Index (CPI) history. Retrieved from Rate Inflation on 19 May 2013.

+++ Footnotes +++

4. The 2012 edition updates the 2011 edition² with the official CPI values for that year, and expands calculations back to 1948. (Australia also changed its base year from 1989-1990 to 2011-2012 - Australian Taxation Office, 2013¹. However this does not affect the resulting r$ once all figures are updated accordingly.)

Want to know more?

Australian inflation calculator: Handy online calculator for estimating the value of the Australian dollar over time. The Reserve Bank of Australia's calculator includes inflation for 2010; thus, using it as your base year, you can estimate historical referential Australian dollars (rAUD, r$) with easy.
MeasuringWorth: A handy website to learn about different inflation indexes and calculate the value of money according to those indexes.
WikiofScience - Referential currency (list of topics): This WikiofScience page provides a list of topics related to referential currencies (including to a full explanation of the concept of referential currency, thus, of referential dollars).