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.

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