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How can I convert a constant US dollar price series to a different base year?

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How can I convert a constant US dollar price series to a different base year?

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Alex10

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Our constant US dollar price series preserve the growth rates exhibited in the constant local price series. You can easily rescale the data to a different base year. For example, to convert a constant 1995 series to constant 1987, just create an index by dividing each year of the constant 1995 series by its 1987 value (thus, 1987 will equal 1). Then multiply each year’s index result by the corresponding 1987 current US dollar price value.

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