GDP Price Deflator
An economic metric that accounts for inflation by converting output measured at current prices into constant-dollar GDP. The GDP deflator shows how much a change in the base year's GDP relies upon changes in the price level. Also known as the "GDP implicit price deflator". Investopedia Says:
Because it isn't based on a fixed basket of goods and services, the GDP deflator has an advantage over the Consumer Price Index. Changes in consumption patterns or the introduction of new goods and services are automatically reflected in the deflator. Related Terms:
Consumer Price Index - CPI
Deflation
Economy
Gross Domestic Product - GDP
Gross National Product (GNP) Deflator
Gross National Product - GNP
Hyperinflation
Inflation
Producer Price Index - PPI
Stock Market Capitalization To GDP Ratio |