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.)*

Author

Jose D PEREZGONZALEZ (2012). Massey University, Turitea Campus, Private Bag 11-222, Palmerston North 4442, New Zealand. (JDPerezgonzalez).

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.