Base Period

1 Posts
1 Sections
1 Types

January 1, 1 6 min read Definitions

Base Period Benchmark Index Economic Indicators Consumer Price Index (CPI) Statistical Data

The base period is a fixed point in time used as a benchmark to measure and compare statistical data, such as indices, over a subsequent span of time. This concept is often employed to assess changes in economic indicators like the Consumer Price Index (CPI).