Consumer Price Index: Food and non-Alcoholic beverages (COICOP 01): Total: Total for G7
Quarterly
G7CP010000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.29
Year-over-Year Change
1.20%
Date Range
1/1/1970 - 1/1/2018
Summary
The Quarterly Gross Domestic Product (GDP) Deflator measures the change in prices of all goods and services produced in the United States. It is a key indicator of overall economic performance and inflation.
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 GDP Deflator tracks the price changes in the entire economy, unlike the Consumer Price Index (CPI) which measures price changes for a basket of consumer goods. Policymakers and economists use the GDP Deflator to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Methodology
The GDP Deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100.
Historical Context
The GDP Deflator is closely monitored by the Federal Reserve and other government agencies to gauge the overall health of the U.S. economy.
Key Facts
- The GDP Deflator has a base year of 2012.
- It covers a broader range of goods and services than the CPI.
- The GDP Deflator is published quarterly by the Bureau of Economic Analysis.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Gross Domestic Product (GDP) Deflator measures the change in prices of all goods and services produced in the United States.
Q: Why is this trend relevant for users or analysts?
A: The GDP Deflator is a key indicator of overall economic performance and inflation, and is closely monitored by policymakers and economists to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The GDP Deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100.
Q: How is this trend used in economic policy?
A: The GDP Deflator is closely monitored by the Federal Reserve and other government agencies to gauge the overall health of the U.S. economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The GDP Deflator is published quarterly by the Bureau of Economic Analysis, with some delay in the release of the data.
Related Trends
Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for G7
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Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: 15 Years or over for G7
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Balance of Payments: Other Investment: Net (Assets Minus Liabilities) for G7
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for G7
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Infra-Annual Labor Statistics: Working-Age Population Male: From 55 to 64 Years for G7
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International Merchandise Trade Statistics: Trade Balance: Commodities for G7
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Citation
U.S. Federal Reserve, Quarterly Gross Domestic Product (GDP) Deflator (G7CP010000IXNBQ), retrieved from FRED.