Real gross domestic product (GDP) gives a clearer picture of economic output than nominal GDP as it adjusts the numbers for inflation or deflation.

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 ...

To return to the shoe example, if the nominal value of shoes rose 10 percent over a year, the nominal GDP for that year would reflect a 10 percent increase in shoe output. If the price of shoes rose 8 ...

"The GDP deflator, which is a broad measure of inflation, came in at a 1.8% pace, the weakest pace since the fourth quarter of 2023. A further deceleration in the fourth quarter would provide the ...

The year-over-year increase in the GDP implicit price deflator was 1.8 percent for the third quarter of 2024. "The economy overall feels really strong and really good." The Federal Reserve ...

Consumer spending is an important factor that drives the U.S. economy and is a key part of GDP. That's why it is ... the PCEPI must incorporate a deflator (the PCE deflator) and real values ...

The GDP figure in current prices totaled 171.041 trillion rubles ($1.88 trillion). The GDP deflator index in 2023 against 2022 prices moved up by 6.3%. The national GDP lost 1.2% in 2022.