US Economic Outlook: Price Indexes & Deflators

Business Activity | Domestic Capital Accounts | Exchange Rates | Government Receipts, Expenditures and Investment | Housing Market | Industry | Interest Rates | Monetary Aggregates | National Accounts | Personal Income and Outlays | Disposable Personal Income per capita | Population and Labor Market: Employment | Labor Force Overview | Unemployment | Price Indexes & Deflators | Prices | Trade and International Transactions | Transportation | US Automotive Market

Bureua of Economic Analysis (BEA) prepares measures of real GDP and its components in a dollar-denominated form, designated “chained (2009) dollar estimates.” For GDP and most other series, these estimates are computed by multiplying the current-dollar value in 2009 by a corresponding quantity index number and then dividing by 100.

The implicit price deflator (IPD)is calculated as the ratio of the current-dollar value to the corresponding chaineddollar  value, multiplied by 100. The values of the IPD are very close to the values of the corresponding chain-type price index for all periods.

Source: Fred, National Income & Product Accounts