Governments use ... GDP is higher than nominal GDP. The GDP price deflator is considered to be a more appropriate inflation measure for measuring economic growth than the consumer price index ...

Investopedia / Michela Buttignol The real economic growth rate ... and services using actual market prices or values. Real GDP measures goods and services by adjusting for inflation.

National Statistician Claire Dennis Mapa said 2023 would be the new base year that the PSA would use for the computation of the consumer price index (CPI)—a gauge for inflation—and for GDP ...

The consumer price index rose 0.1% in December from ... The most recent inflation readings suggest the GDP deflator — a broader measure of economy-wide prices — will likely extend its drop ...