Base period - Definition

Point in time used as a reference point for comparison with other periods. Base period is period of time alongside which an index is measured. For example, suppose the base period is 2005 and the initial value of an index is 100. If the index is 150 in 2010, it means that the value of the index is 50% higher in 2010 than it was in 2005.

Base periods typically provide a point of reference for economic studies, consumer demand, and unemployment benefit claims.

Terms near "Base period"

Base point
Base premium
Base Price
Base rate
Basic convergence
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