GDP deflator


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GDP Price Deflator

A ratio of nominal GDP to real GDP expressed as a percentage. The GDP price deflator is used as a measure of the inflation rate; it does not account for price changes in commodity baskets like the Consumer Price Index. Rather, it shows changes in GDP compared with a base year.

GDP deflator

A price index used to adjust gross domestic product for changes in prices of goods and services included in the GDP. The GDP deflator is a more broadly based and, many economists argue, a better measure of inflation than the consumer price index or the producer price index. Also called gross domestic product deflator.
References in periodicals archive ?
The price level is commonly measured using either a GDP deflator or a consumer price index (CPI).
While this is a reasonable stand-in until something better can be developed, trends in deflators for some categories of intangible capital could be quite different from the GDP deflator.
5 per cent, and GDP deflator (CPI inflation) of 2 per cent.
Instead, the dots are spread about, showing almost no correspondence between the annual change in the GDP deflator and excess-money growth.
The GDP deflator, a wider gauge of inflation than the consumer price index, slid 0.
The GDP deflator, a closely scrutinized yardstick of inflation, increased 0.
GDP deflator posted the all-time low of negative 1.
On the other hand, some of these same authors have found a negative correlation between real gross domestic product (GDP) and the GDP deflator at short forecast horizons.
David Tinsley, economist at nabCapital, said one of the brighter spots was a fall in GDP deflator inflation to 2.
The FOMC switched among price indices several times: Specifically, it used the GDP deflator from 1983 through 1988, the CPI from 1989 through 1999, the PCEPI from 2000 through 2003, and finally the core PCEPI from 2004 through 2006.
In light of this, we considered four measures of inflation based on four measures of the aggregate price level: 1) the GDP deflator, 2) the price deflator for the nonfarm business sector (NFB), 3) the Consumer Price Index (CPI), and 4) the price deflator for personal consumption expenditures (PCE).
We want to formulate new standards'' used for a new GDP deflator, he said.