Australia GDP DeflatorAustralia GDP DeflatorAustralia GDP Deflator

Australia GDP Deflator

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Key data points


Last release
Observation period
Q2 2024
Next release
Forecast
Highest
110.40POINT on Mar 31, 2024
Lowest
5.37POINT on Sep 30, 1959

About Australia GDP Deflator


Category
Prices
Frequency
Quarterly
Units
POINT
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.