IMPORTANT NOTE FOR USERS OF
GDP DEFLATOR DATA:
The base year for the GDP Implicit Price Deflator
has changed. The base year is now 2000. We have continued to make the base year=1996 data available.
|
The GDP Implicit Price Deflator data are from the U.S.
Department of Commerce, Bureau of Economic Analysis. They were retrieved from
the Federal Reserve Bank of Saint Louis' Federal Reserve Economic Data (FRED)
Database at http://research.stlouisfed.org/fred2/.
The Gross Domestic Product (GDP) Implicit Price
Deflator, often referred to simply as the GDP Deflator, is a quarterly price
index calculated by dividing GDP in some period by GDP in the base period.
That is, the GDP deflator is the ratio of nominal GDP to real GDP, so the
inflation rate from time T-1 to time T can be calculated as the percentage
change in the GDP deflator over that time:
| inflation = |
(GDP
deflator at T-1) - (GDP deflator at T)
-------------------------------------------
GDP deflator at T |
