GDP Price Index q/q shows changes in the prices for goods and services included in GDP calculation in one quarter compared to the previous quarter.
This is an indicator of inflation, which allows assessing the dependence of GDP change on changes in prices over the current period. Adjustment for inflation in GDP calculation allows making a correct estimate of real changes in the production of goods and services. Values of the current and previous period cannot be correctly compared without this index.
The index is calculated as the ratio of nominal GDP (expressed in current year's market prices) to real GDP (in base 2009 year price) multiplied by 100.
The GDP Price Index differs from other popular indexes reflecting the inflation rate (for example CPI) in the following points:
GDP Price Index growth indicates an increase of inflation as a rule. This may affect dollar quotes positively.
The chart of the entire available history of the "United States Gross Domestic Product (GDP) Price Index q/q" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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