The BEA provides the deflator on a quarterly basis. The GDP deflator is a measurement of inflation since a base year. Dividing the nominal GDP by the deflator removes the effects of inflation.

The calculation for factoring in inflation to arrive at the real GDP figure is as follows: Real GDP = GDP ÷ (1 + inflation since base year ... by factoring in a GDP deflator.

The U.S. Bureau of Economic Analysis (BEA) publishes the GDP deflator on a quarterly basis, currently using a base year of 2017 dollars. Real GDP adjusts economic output for inflation, revealing ...

Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. For example, if prices rose by 5% since the base year, then the ...

RBI is reportedly using machine learning tools to enhance its inflation forecasting, the bedrock of monetary policy decisions ...

Gross domestic product, or GDP, measures a country’s economic growth. The converted value of all final goods and services produced within a given country over a given period, GDP can offer ...

Meanwhile, NBS has proposed 2019 as a new GDP base year and 2024 as new base year for inflation computation. NBS disclosed this at a sensitization workshop on GDP and Consumer Price Index ...

“Average deflator should be ... on January 31 pegged the GDP growth estimate at 6.3-6.8 percent, 20 bps or 0.2 percentage points lower than previous year’s forecast of 6.5-7 percent.