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GDP deflator
(redirected from Implicit price deflator)

   Also found in: Acronyms, Wikipedia 0.02 sec.
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.


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The overall rise in prices received by farmers from 1986 to 1990 was more than double the increase in prices of production inputs purchased by farmers from the nonfarm sector; it also exceeded, by about 6 percentage points, the cumulative rise in the implicit price deflator for GNP over the period.
The personal consumption expenditure (PCE) implicit price deflator from the National Income and Product Accounts was used to compute these constant dollar estimates.
The implicit price deflator for business output, which exhibits changes in unit labor costs and unit nonlabor payments, rose 3.
 
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