Chain Price Index
Returns the GDP Chain Price Index (implicit price deflator), which measures price changes in the overall economy including all goods and services in GDP.
Data Source
Bureau of Economic Analysis (BEA) - National Income and Product Accounts.
Usage Notes
- No parameters required
- Index value (base year = 100)
- Data updated quarterly
- Broader measure of inflation than CPI
Comparison to Other Inflation Measures
| Measure | Coverage |
|---|---|
| Chain Price Index | Entire GDP (broadest) |
| CPI | Consumer purchases only |
| PPI | Producer/wholesale prices |
| PCE | Personal consumption |
Syntax
=ChainPriceIndex()Returns
number
GDP Chain Price Index value
Examples
Current GDP chain price index
When to Use
- Analyzing overall economy inflation
- GDP deflation calculations
- Comparing real vs nominal GDP
- Comprehensive inflation analysis
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Need consumer inflation | ConsumerPriceindex() |
| Need core inflation | ChainPriceIndexWithoutFoodEnergy() |
| Need producer prices | ProducerPriceIndexFinalDemand() |
Common Issues & FAQ
How is this different from CPI?
The Chain Price Index covers all GDP components, while CPI only covers consumer purchases. The Chain Price Index is a broader measure.
What is the base year?
Check the current series documentation - base years are periodically updated.
Related Formulas
More MarketXLS Economic Data formulas you can use in the same worksheet:
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