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The "base effect" refers to the influence that the comparison base (or "base year") has on the measurement of inflation. Inflation is typically measured as the percentage change in the price level of a basket of goods and services over a certain period of time. When comparing inflation rates over time, it is important to consider the base effect, as the choice of base year can affect the perceived level of inflation. Check the video to get an in-depth knowledge on this topic in an animated format. For Polity Course - Download Bookstawa App [ ANDROID ] https://play.google.com/store/apps/de... For Polity Course - Apple Devices If you want to take this course on Apple store then you need to search 'MyInstitute' App. Download this App and enter org code - 'YLNOP' . And thats it .. you can take any Bookstawa Course. Ancient History Playlist: • Ancient History for UPSC | Bookstawa Modern History Playlist: • [ COMPLETE ] Modern History for UPSC in H... Indian Economy Playlist : • Indian Economy By Bookstawa Download Indian Economy PDFs: Telegram Link - https://t.me/Bookstawa