base year
Starting point year
A base year is a reference point for comparison in economics, statistics, and finance.
Index numbers, inflation rates, and growth calculations typically measure change relative to a base year set at 100 or some standard value: Using 2020 as the base year, prices have risen 15 percent.
The choice of base year can significantly affect how data appears.
- deflatorThing that shrinks pressure
- inflation adjustmentCorrecting for purchasing power loss
- startTo set going
- dateSpecific day or outing
- indexationAutomatic adjustment to benchmarks
purchasing power · cost of living · benchmark · reference point · rebasing · price index · real income · constant · CPI · consumer prices · time series · economic indicator · number · basket · yardstick · economic · nominal · percentage