Cima C03 Exam Question No 32

Question No 32:

Rebase to a Previous Index

• Value in current index/100)*value of rebase year in previous index eg)
• In 2006, a commodity had an index score of 111 based on the rebased value in 2001
• The value in 2001 of the commodity was 132 in the old index (now 100, since it is the new base year)
• To express 2006 in terms of the previous index base:
• (111/100) *132 = 146.52