Appendix I: Rebasing factors for New housing

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To convert a 1997-based index to a 2007 base, just look for the appropriate rebasing factor in the following tables and multiply each element of the series by that factor. Expressed as a formula, the calculation is:

Figure 1

where P_t/07 is the 2007-based index, f is the rebasing factor and P_t/97 is the 1997-based index.

Conversely, to convert the 2007-based index to a 1997 base, just look for the appropriate rebasing factor in the following tables and divide each element of the series by that factor. Expressed as a formula, the calculation is:

Figure 2

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