The year used as the basis for comparison by a price index such as the CPI. The index for any year is the average of prices for that year compared to the base year; e.g., 110 means that prices are 10% higher than in the base year. The base year is also the year whose prices are used to value something in real terms or after adjusting for inflation.
Related information about base year:
- Base Year Definition | Investopedia
The first of a series of years in an economic or financial index. A base year is normally set to an arbitrary level of 100. Any year can be chosen as a base year, ...
- What is base year? definition and meaning
Definition of base year: Year used as the beginning or the reference year for constructing an index, and which is usually assigned an arbitrary value of 100.
- Base Year - Financial Dictionary - The Free Dictionary
The year against which the performance of an index is measured. For example, suppose the base year is 2001 and the initial value of an index is 100.
- Base Year: What Is It and How Can It Cost You? - Starboard TCN ...
Sep 19, 2005 ... When a commercial broker adds the words "base year 2006" to an office leasing proposal, the first question most clients ask is, "What is a base ...
- What is Needed to Qualify? Did You Earn Enough?
Your regular base year period consists of 52 weeks that is determined by the date ... The chart below shows what your regular base year period would be if you ...
- Base year data
Base year emissions, under the Kyoto Protocol, are defined as ...
- Frequently asked questionsNotice to Base-Year Employer
FAQ - notice to base year employer. Washington State Employment Security. Unemployment Taxes. Unemployment Benefits.
- Base Year Changes
we will adjust our base year emissions inventory for significant qualitative or ... Base year recalculation will be reported with the first full reporting year after the ...