Given that inflation is the percentage change in the overall price of an item in an economy, we can use the GDP deflator to calculate the inflation rate since its a measure of the price level ...

The final inflation data for 2022 found that price rises were running at an annualised rate of 6.5% in December. This was a 0.6-percentage-point drop on the figure of 7.1% recorded in November ...

Instead of annualizing a quarterly rate, it's possible to calculate the year-on-year (YoY) annual rate, which is the percentage change in real GDP between a given quarter and the same quarter in ...

Therefore, yet another way to calculate inflation is from the GDP. ... when multiplied by 100, gives you the GDP "deflator", an inflation rate indexed back to a preselected base year.

Real GDP tracks the total value of goods and services calculating the quantities but using constant prices that are adjusted for inflation. This is opposed to nominal GDP, which does not account ...

The GDP price deflator measures the changes in the value of goods and services produced in the U.S., including exports. It is an alternate measure of inflation.

When the deflator is negative, it will boost the real GDP growth. FY24 observed WPI inflation averaging at (-)0.7% as against 9.6% in FY23, the main reason why the deflator turned out to be ...