National Statistics

GDP deflators at market prices, and money GDP: March 2014 (Budget)

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.


GDP deflators: March 2014 (Budget)

GDP deflators: March 2014 (Budget)


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).

Outturn data are the latest Quarterly National Accounts figures from the ONS, 20 December 2013. GDP deflators from 1955-56 to 2012-13 (1955 to 2012) have been taken directly from ONS Quarterly National Accounts implied deflator at market prices series L8GG.

Forecasts are consistent with data produced by the OBR for the 19 March 2014 Budget.

Published 24 March 2014