Base year


 

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Base year

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.



Similar Matches

Base rate

Base rate

British equivalent of the US prime rate.


Tax base

Tax base

The assessed value of the taxable property, assets, and income within a specific geographic area.


Rate base

Rate base

The value of a regulated public utility and its operations as defined by its regulators and on which the company is allowed to earn a particular rate of return.


Base period

Base period

A particular period of time used for comparative purposes when measuring economic data.


Base metals

Base metals

The main industrial non-ferrous metals excluding precious metals and minor metals. These are copper, primary aluminium, lead, nickel, tin and zinc. See London Metal Exchange.


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