GDP Price Deflator
Returns the GDP implicit price deflator, which measures the overall level of prices for all goods and services included in GDP. This is a broader measure of inflation than the CPI.
Data Details
| Attribute | Value |
|---|---|
| Source | Bureau of Economic Analysis (BEA) / FRED |
| Frequency | Quarterly |
| Base Year | 2017 = 100 |
| Coverage | All goods and services in GDP |
Notes
- Broader than CPI as it covers all goods and services in the economy
- Useful for converting nominal GDP to real GDP
- Base year is typically 2017 (index = 100)
Syntax
=GDPPriceDeflator()Returns
number
GDP price deflator index value
Examples
Current GDP deflator index
=GDPPriceDeflator()/100-1When to Use
- Measuring economy-wide inflation
- Converting nominal values to real values
- Economic research on price levels
- Comparing inflation across broad categories
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Consumer price inflation | ConsumerPriceindex() |
| Producer prices | ProducerPriceIndexFinalDemand() |
| Food prices | ConsumerPriceindexFood() |
| Energy prices | ConsumerPriceindexEnergy() |
Common Issues & FAQ
What is the base year?
Typically 2017, where the index equals 100.
How is this different from CPI?
The GDP deflator covers all goods and services in the economy, while CPI focuses on consumer purchases.
How often is it updated?
Quarterly, with revisions as GDP data is revised.
Related Formulas
More MarketXLS Economic Data formulas you can use in the same worksheet:
- Hires - Nonfarm
- House Price Index
- House Price Index - Shiller 20 City
- Housing Starts
- Industrial Production Index
- Inflation
- Initial Claims
- Inventories
See GDPPriceDeflator used in a complete workbook: Buffett Indicator Dashboard Excel: June 2026 Market Cap to GDP Valuation Tool
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