Index Number/Examples/Arbitrary Example 2

Example of Index Number

Suppose an index number is assigned $100$ in the base year.

Suppose prices have risen $17 \%$.

Then the index number would be $117$.

Sources

• 2014: Christopher Clapham and James Nicholson: The Concise Oxford Dictionary of Mathematics (5th ed.) ... (previous) ... (next): base period
• 2021: Richard Earl and James Nicholson: The Concise Oxford Dictionary of Mathematics (6th ed.) ... (previous) ... (next): base period