Official Statistics

Measuring price changes of the UK National Accounts

Explains how the implied GDP deflator is the broadest measure of inflation in the domestic economy, reflecting changes in the price of all goods and services that comprise GDP, including how it captures movements in a country's terms-of-trade.

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Measuring price changes of the UK National Accounts

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Official statistics are produced impartially and free from political influence.

Published 16 February 2023