GDP deflators at market prices, and money GDP October 2021 (Budget and Spending Review)
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.
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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). GDP deflator outturn are based on the ONS Quarterly National Accounts release (at the end of each quarter). However, a more recent version of ONS GDP outturn may be used depending on when the OBR updates its GDP deflator forecasts (usually at Budget and Spring Statement).
Forecasts covering periods 2021-22 to 2026-27 (2021 to 2026) are from the OBR as at the Budget and Spending Review 27 October 2021.
Outturn data are the Quarterly National Accounts figures from the ONS, 30 September 2021.
GDP deflators for financial years 1955-56 to 2020-21 have been taken directly from ONS series L8GG. GDP deflators for calendar years 1955 to 2020 have been taken from ONS series MNF2. Non-seasonally adjusted money GDP for calendar and financial years are taken from ONS series BKTL. For financial years only, seasonally adjusted money GDP series YBHA has also been included.
The next GDP deflator update will be after the ONS Quarterly national Accounts release 22 December 2021.