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DEFLATION

Statistics Directorate    
French Equivalent: Déflation

Definition:
Deflation is defined as a sustained fall in the general price level.

Context:
Another meaning of the term is the division of the value of some aggregate by a price index - described as a “deflator” - in order to revalue its quantities at the prices of the price reference period or to revalue the aggregate at the general price level of the price reference period.

ILO, IMF, OECD, Eurostat, UNECE, World Bank, 2004, Producer Price Index Manual: Theory and Practice, International Monetary Fund, Washington DC

http://www.imf.org/external/np/sta/tegppi/index.htm.

Source Publication:
The OECD Economic Outlook: Sources and Methods.

Hyperlink:
http://www.oecd.org/eco/outlook/sources-and-methods.htm

Statistical Theme: Prices and purchasing power parities - Price indices

Created on Monday, November 05, 2001

Last updated on Friday, March 28, 2014