The US Implicit Price Deflator for GDP increased at an annualized rate of 3.7% in the third quarter of 2025, following a 2.1% rise in the previous quarter. GDP Deflator in the United States averaged 53.54 points from 1947 until 2025, reaching an all time high of 129.43 points in the third quarter of 2025 and a record low of 11.14 points in the first quarter of 1947. source: U.S. Bureau of Economic Analysis

GDP Deflator in the United States is expected to be 130.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States GDP Deflator is projected to trend around 135.45 points in 2027 and 138.30 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-23 01:30 PM
GDP Price Index QoQ
Q3 3.7% 2.1% 2.7% 2.5%
2026-01-22 01:30 PM
GDP Price Index QoQ Final
Q3 3.7% 2.1% 3.7% 3.7%


Related Last Previous Unit Reference
Core PCE Price Index 127.42 127.22 points Nov 2025
Core PCE Price Index YoY 2.80 2.70 percent Nov 2025
Core PCE Price Index MoM 0.20 0.20 percent Nov 2025
Core PCE Prices QoQ 2.90 2.60 percent Sep 2025
GDP Price Index 129.43 128.25 points Sep 2025
PCE Price Index 128.09 127.83 points Nov 2025
PCE Price Index YoY 2.80 2.70 percent Nov 2025
PCE Price Index MoM 0.20 0.20 percent Nov 2025
PCE Prices QoQ 2.80 2.10 percent Sep 2025


United States GDP Deflator
The GDP Deflator measures the change in prices of final goods and services and it is considered as a key indicator for inflationary pressures, that provides insight into the future direction of monetary policy.
Actual Previous Highest Lowest Dates Unit Frequency
129.43 128.25 129.43 11.14 1947 - 2025 points Quarterly
2017=100, SA