Index 2010=1, Annual
CPGDFD02G7A661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.11
Year-over-Year Change
26.29%
Date Range
1/1/1970 - 1/1/2016
Summary
The Index 2010=1, Annual series measures the domestic gross product deflator, a key indicator of U.S. inflation and economic activity.
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 gross domestic product (GDP) deflator tracks changes in the prices of all goods and services produced in the U.S. economy. It is a comprehensive measure of inflation and a crucial economic data point for policymakers and analysts.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Historical Context
The GDP deflator is widely used to adjust nominal GDP figures for inflation and analyze real economic growth.
Key Facts
- The GDP deflator uses 2010 as its base year.
- The deflator reflects changes in both consumer and business prices.
- The deflator is a broader measure of inflation than the Consumer Price Index.
FAQs
Q: What does this economic trend measure?
A: The Index 2010=1, Annual series measures changes in the prices of all goods and services produced in the U.S. economy, providing a comprehensive gauge of domestic inflation.
Q: Why is this trend relevant for users or analysts?
A: The GDP deflator is a crucial data point for understanding overall economic conditions and evaluating real GDP growth, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis using national accounts information.
Q: How is this trend used in economic policy?
A: The GDP deflator is widely used to adjust nominal GDP figures for inflation, allowing for analysis of real economic growth, which informs policymaking decisions.
Q: Are there update delays or limitations?
A: There may be lags in the availability of the latest GDP deflator data, as it relies on comprehensive national accounts information.
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Citation
U.S. Federal Reserve, Index 2010=1, Annual (CPGDFD02G7A661N), retrieved from FRED.