Consider the following two price index series:
Year 1995 = 100
2002 80
2003 86
2004 90
2005 94
Year 2000 = 100
2005 115
2006 121
2007 130
2008 133
Splice the two index series to form one continuous series with 1995 as the base year. The index for 2004 is
using the formula for splicing price indices:
New index for 2004 = Old index for 2004 (2000 = 100) * (New index for 2005 / Old index for 2005)
New index for 2004 = 90 * (115 / 94) = 109.574
Therefore, the index for 2004 using 1995 as the base year is 109.574.