Concept selected: Reference period of the base index or period
- Definition
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Period for which the average for indices equals 100, in the HPI, in the year 2007 (2007=100). With the calculation formula used for the HPI (linked Laspeyres) the reference period of the prices varies each year, and is the last quarter of the year immediately prior to the year considered.
- Source
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Prices Indices
- Topic
- Statistical operations (links to the Inventory of Statistical Operations)
- Concepts associated
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There are no related concepts