Advance GDP Price Index
- Advance GDP Price Index
Measures Inflation for all economic activity implied by GDP; Why Care While it's not the timeliest measure of inflation, it is the broadest. It encompasses all aspects of GDP and is used to calculate the difference between nominal and real GDP. The Fed is rumored to use this as the main inflation indicator. Also Called GDP Deflator; Frequency Released quarterly, about 30 days after quarter ends; FF Notes While this is a q/q data, it's reported in an annualized format which shows the pace for inflation if the following 3 quarters remain the same.