United States GDP Price Index (Deflator) in United States

Bureau of Economic Analysis · Quarterly · Importance

6.2% (Q2-26) QOQ · % · Quarterly · CSV
Recessions COVID recession
Period%
Apr 2026 6.2%
Jan 2026 3.6%
Oct 2025 3.7%
Jul 2025 3.8%
Apr 2025 2.1%
Jan 2025 3.6%
Oct 2024 2.4%
Jul 2024 1.8%
Apr 2024 2.6%
Jan 2024 3.1%
Oct 2023 1.6%
Jul 2023 3.3%
Apr 2023 2.1%
Jan 2023 3.8%
Oct 2022 3.9%
Jul 2022 4.4%
Apr 2022 9.3%
Jan 2022 8.4%
Oct 2021 7.0%
Jul 2021 6.3%
Apr 2021 6.3%
Jan 2021 5.2%
Oct 2020 2.5%
Jul 2020 3.7%
Apr 2020 -1.4%
Jan 2020 1.9%
Oct 2019 1.3%
Jul 2019 1.3%
Apr 2019 2.0%
Jan 2019 1.3%
Oct 2018 1.6%
Jul 2018 1.8%
Apr 2018 2.8%
Jan 2018 2.6%
Oct 2017 2.4%
Jul 2017 2.1%
Apr 2017 1.1%
Jan 2017 2.1%
Oct 2016 2.1%
Jul 2016 1.1%
Apr 2016 2.7%
Jan 2016 -0.2%
Oct 2015 0.0%
Jul 2015 1.0%
Apr 2015 2.3%
Jan 2015 -0.2%
Oct 2014 0.2%
Jul 2014 1.8%
Apr 2014 2.1%
Jan 2014 1.5%
Oct 2013 2.1%
Jul 2013 2.2%
Apr 2013 1.2%
Jan 2013 1.4%
Oct 2012 1.8%
Jul 2012 2.5%
Apr 2012 1.7%
Jan 2012 2.4%
Oct 2011 0.5%
Jul 2011 2.1%

About this indicator

Source
Bureau of Economic Analysis (BEA) -- National Income and Product Accounts (NIPA), Table 1.1.7. Published as part of the quarterly GDP release.
Frequency
Quarterly
Release
Alongside the quarterly GDP estimate (advance about one month after the quarter closes, then second and third estimates), 08:30 ET.
What it is
Measures the change in prices of all final goods and services produced in the economy (the GDP deflator), published as an annualised quarterly change. Unlike the CPI, it covers all output (consumption, investment, government spending and net exports), not just the consumer basket.
How it's calculated
Chain-type price index for GDP, computed by the BEA in the national accounts; published as a seasonally adjusted annualised quarterly percent change (SAAR), NIPA Table 1.1.7 line 1.
Market implications
It is the broadest inflation measure of the economy. A hotter-than-expected reading points to widespread price pressures and pushes the Federal Reserve to hold or hike rates; a cooler one supports cuts.
Limitations
Quarterly and subject to revisions (GDP's 2nd and 3rd estimates); its composition also shifts with each quarter's GDP mix, making direct comparison with the CPI harder.