The year that is used as a reference point to measure inflation. In the base period, the Consumer Price Index receives a value of 100. If the CPI then goes up to 130, this means that prices have risen 30%.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
The year that is used as a reference point to measure inflation. In the base period, the Consumer Price Index receives a value of 100. If the CPI then goes up to 130, this means that prices have risen 30%.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.