Definition and Citations:
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%.
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%.