GDP Implicit Price (QoQ)
The indicator is one of the price indices reflecting changes in the cost of goods and services in the economy over a certain period of time. Like the consumer price index, the GDP deflator is used to determine the rate of inflation. The difference between the indicators lies in the calculation method. The GDP deflator along with other price indices is used by financial regulators to determine the direction of the monetary policy: no changes, easing, or tightening.
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