Quarterly
CPGDFD01RUQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.63
Year-over-Year Change
39.45%
Date Range
1/1/1992 - 7/1/2015
Summary
The Quarterly Gross Domestic Product (GDP) Deflator measures the rate of inflation in the overall U.S. economy. It is a key indicator used by economists and policymakers to assess broader price changes and cost of living.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Quarterly GDP Deflator tracks changes in the prices of all goods and services produced in the United States. It is a comprehensive inflation gauge that provides context beyond consumer prices alone, reflecting the full scope of economic activity.
Methodology
The U.S. Bureau of Economic Analysis calculates the GDP Deflator by comparing the current-dollar and constant-dollar values of GDP.
Historical Context
The GDP Deflator informs Federal Reserve monetary policy and influences consumer and business decision-making.
Key Facts
- The GDP Deflator has a base year of 2012.
- Quarterly GDP Deflator data dates back to 1947.
- The Deflator averaged 2.2% annual growth from 2010-2020.
FAQs
Q: What does the Quarterly GDP Deflator measure?
A: The GDP Deflator tracks changes in the prices of all goods and services produced in the U.S. economy, providing a comprehensive measure of inflation.
Q: Why is the GDP Deflator relevant for users and analysts?
A: The GDP Deflator is a key economic indicator used by policymakers, businesses, and consumers to understand broader price movements and cost of living trends.
Q: How is the GDP Deflator data collected and calculated?
A: The U.S. Bureau of Economic Analysis calculates the GDP Deflator by comparing the current-dollar and constant-dollar values of gross domestic product.
Q: How is the GDP Deflator used in economic policy?
A: The GDP Deflator informs Federal Reserve monetary policy decisions and influences consumer and business spending and investment.
Q: Are there any limitations or delays in the GDP Deflator data?
A: The GDP Deflator is released quarterly, with a lag of several weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly Gross Domestic Product (GDP) Deflator (CPGDFD01RUQ661N), retrieved from FRED.