National Statistics

GDP deflators at market prices, and money GDP: December 2014 (Autumn Statement)

This document contains the latest Gross Domestic Product (GDP) deflators. The GDP deflator can be viewed as a measure of general inflation in the domestic economy.

Documents

GDP deflators Autumn Statement: December 2014 update

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GDP deflators Autumn Statement December 2014 update

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email digital.communications@hmtreasury.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

A series for the GDP deflator in index form is produced by the Treasury from data provided by the Office for National Statistics (ONS) and the Office for Budget Responsibility (OBR). The GDP deflator set is updated after every ONS Quarterly National Accounts release (at the end of each quarter) and whenever the OBR updates its GDP deflator forecasts (usually twice a year).

The link below explains how changes to National Accounts methodologies this September will impact upon a number of Office for National Statistics (ONS) outputs including GDP.

GDP forecasts were produced at Autumn Statement 2014 and therefore data from 2014-15 onwards have been revised as a result of the methodology described above.

Outturn data are the latest Quarterly National Accounts figures from the ONS, 30 September 2014 and their subsequent corrected release of 6 October 2014. GDP deflators from 1955-56 to 2013-14 have been taken directly from fiscal period ONS series L8GG. GDP deflators from 1955 to 2013 have been taken from calendar period ONS series MNF2.

Forecasts are from the OBR as at the 3 December 2014 Autumn Statement.

The next GDP deflator updated will be shortly after the Q3 2014 Quarterly National Accounts release due out on 23 December 2014.

Published 8 December 2014