Gross Domestic Product Deflator for Australia
Annual, Not Seasonally Adjusted
NGDPDIXAUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.39
Year-over-Year Change
36.93%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) Price Index measures the overall change in the prices of all goods and services produced in the U.S. economy. It is a key indicator of inflation and purchasing power.
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 Price Index is a comprehensive measure of price changes in the economy, reflecting the prices of consumer goods, business investments, government purchases, and exports/imports. It is used by policymakers and economists to analyze inflation trends and evaluate the real growth of the economy.
Methodology
The index is calculated by the U.S. Bureau of Economic Analysis using price data from a variety of sources.
Historical Context
The GDP Price Index is a widely followed economic indicator used to inform monetary and fiscal policy decisions.
Key Facts
- The GDP Price Index has a base year of 2012 = 100.
- It is published quarterly by the U.S. Bureau of Economic Analysis.
- The index reached a high of 117.5 in 2022 Q3.
FAQs
Q: What does this economic trend measure?
A: The GDP Price Index measures the overall change in prices of all goods and services produced in the U.S. economy. It is a comprehensive measure of inflation.
Q: Why is this trend relevant for users or analysts?
A: The GDP Price Index is a key indicator used by policymakers, economists, and analysts to monitor inflation and evaluate the real growth of the economy.
Q: How is this data collected or calculated?
A: The index is calculated by the U.S. Bureau of Economic Analysis using price data from a variety of sources.
Q: How is this trend used in economic policy?
A: The GDP Price Index is used by the Federal Reserve and other policymakers to inform monetary policy decisions aimed at maintaining stable prices and promoting economic growth.
Q: Are there update delays or limitations?
A: The GDP Price Index is published quarterly with a lag, so there may be a delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Gross Domestic Product: Implicit Price Deflator (NGDPDIXAUA), retrieved from FRED.