HMT - UK Her Majesty's Treasury

04/02/2024 | Press release | Distributed by Public on 04/02/2024 03:14

GDP deflators at market prices, and money GDP March 2024 (Quarterly National Accounts)

A series for the deflator in index form is produced by the Treasury from data provided by the Office for National Statistics () and the Office for Budget Responsibility (). deflator outturn are based on the Quarterly National Accounts release (at the end of each quarter). However, a more recent version of outturn may be used depending on when the updates its deflator forecasts (usually at Budget and Autumn Statement).

Outturn data covering the years 1955-56 to 2022-23 (1955 to 2023) are based on the Quarterly National Accounts, 28 March 2024.

Forecasts covering periods 2023-24 to 2028-29 (2024 to 2028) are from the as at the Spring Budget 6 March 2024.

deflators for financial years 1955-56 to 2022-23 have been taken directly from series L8GG. deflators for calendar years 1955 to 2023 have been taken from series MNF2. Non-seasonally adjusted money for calendar and financial years are taken from series BKTL. For financial years only, seasonally adjusted money series YBHA has also been included.

The next deflator update will be shortly after the 28 June 2024 Quarterly National Accounts release from the .