The new index for 2006 after shifting the base year to 2007 would be 105.31.
To calculate the new index for 2006, divide the value of 2006 in the original index series by the value of 2007 in the original index series, and then multiply by 100 (since the new base year is 2007).
(106/116) * 100 = 91.38
Therefore, the new index for 2006 is 91.38.
Consider the following quantity index series: Shift the base year of this index series to 2007.
Year 2005 = 100
2005 100
2006 106
2007 116
2008 121
The new index for 2006 is:
110
105.31
91.38
88.68
1 answer
1 answer