Overview
Discussions Key data points
Last release
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Observation period
Q2 2024
Next release
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Forecast
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Highest
110.40 POINT on Mar 31, 2024
Lowest
5.37 POINT on Sep 30, 1959
About Australia GDP Deflator
In Australia, 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 gross domestic product, IPDs relate to a broader range of goods and services in the economy than that represented by any of the individual price indexes published by the Australian Bureau of Statistics. 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.