Economic Indicators
GDP Deflator
Prices and Inflation
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The GDP Deflator is a measure of the price level of all domestically produced goods and services included in gross domestic product, calculated as the ratio of nominal GDP to real GDP multiplied by 100, making it the broadest available price index because it is not limited to a fixed consumer market basket and automatically reflects shifts in what the economy actually produces and consumes in a given period. Published quarterly alongside GDP figures by national statistical agencies such as the US Bureau of Economic Analysis, it is the standard tool economists use to convert nominal GDP into real, inflation-adjusted GDP for comparison across time periods.
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