Monday, June 15, 2015
GDP deflator: where's the inflation?
Wikipedia - GDP deflator. It's a measure of inflation, insofar as it measures how much of the change in GDP yoy is the result of a change in prices for domestically-produced goods, as opposed to amount produced.
And here's the chart:
And there's a long downward trend since 2006.
So you tell me where the inflation is that the US Fed is supposed to be fighting with a rate increase.