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 ?
GDP deflation in January 2014 has made up 98.1% in comparison with January 2013.
GDP deflation recorded 5.9% in 2009, much lower than the 14.3% recorded in 2008.
The 0.5 per cent contraction in nominal GDP in the second quarter after four consecutive quarters of growth and the persistent downward trend in the GDP deflation is already causing much concern.