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IMPLICIT PRICE DEFLATOR

Statistics Directorate    
French Equivalent: Déflateur implicite des prix

Definition:
An implicit price deflator (IPD) is obtained by dividing a current price value by its real counterpart (the chain volume measure). When calculated from the major national accounting aggregates such as GDP, IPDs relate to a broader range of goods and services in the economy than that represented by any of the individual price indexes (such as CPIs, PPIs).

Movements in an implicit price deflator reflect both changes in price and changes in the composition of the aggregate for which the deflator is calculated.

Source Publication:
Australian National Accounts: Concepts, Sources and Methods: Glossary, Australian Bureau of Statistics, Canberra, 2000.

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Wednesday, March 05, 2003