Finance:Base period price
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Short description: Average price for an item in a time period
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A base period price is the average price for an item in a specified time period used as a base for an index, such as 1910–14, 1957–59, 1967, 1977, or 1982. Time series of data are often deflated to a base period price. Such deflated time series are referred to as constant dollar values (versus nominal dollar values).
References
This article incorporates public domain material from the Congressional Research Service document "Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition" by Jasper Womach.
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