Double deflation and supply use framework in the UK National Accounts

This article gives an overview of the supply use framework in the UK National Accounts including the process of double deflation. This includes the changes to the framework introduced as part of Blue Book 2021, including the volume reconciliation process and deflation. It also gives a brief history on the implementation for this process.

Alongside the article we publish the volume dataset for the first time which is produced as part of this process.

Publications

• Double deflation and the supply and use framework in the UK National Accounts

  Overview of the supply and use framework in the UK National Accounts, including the process of double deflation and changes introduced as part of Blue Book 2021.

Data

• Supply and Use of products and industry GVA, UK, experimental

  Experimental data in current price, previous year's price and on a chained volume measure basis, for components of supply and use at the 105 classification of products by activity (CPA) product level, and gross value added (GVA), output and intermediate consumption data at the 105 standard industrial classification (SIC) industry level.