GDP Deflator
Definition
A price index covering all goods in GDP, equal to nominal GDP divided by real GDP. Broader than CPI but less timely.
Example
If nominal GDP rose 6% and real GDP rose 2%, the deflator inflation was ~4%.
A price index covering all goods in GDP, equal to nominal GDP divided by real GDP. Broader than CPI but less timely.
If nominal GDP rose 6% and real GDP rose 2%, the deflator inflation was ~4%.