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.

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You should try and have as good of a base year as you can and that way you may get a good size bonus.

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The base year was important in the report as we had juxtaposed the data in such a manner that comparisons were possible.

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For comparison purposes, they decided to use 1990 as the base year. They wanted to see what the prices were like in comparison to when the product started to come to market.

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