The GDP deflator (NY.GDP.DEFL.KD.ZG) is the annual percentage change in the price of all goods and services produced in the economy — a broad inflation measure tied to GDP, not a consumer basket. Latest: 2.79% in 2025.
It can diverge from a consumer price index when export or investment prices move differently from household prices. From 1961 to 2025 (65 years): mean 8.73%, median 7.80%; low 0.18% (1962), high 23.05% (1980).
The GDP deflator covers the prices of final output rather than a fixed consumer basket. Its coverage includes investment and government spending, and its weights change. This annual rate can differ from consumer inflation; a negative value indicates falling prices on this measure.
World Bank: NY.GDP.DEFL.KD.ZG
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