Business Terms and Jargon Explained

What is Double Deflation

This is an approach to the deflation of the production measure of GDP. This involves deflating, for each industry, the total output and total intermediate consumption separately. The difference between the deflated total output and the deflated total intermediate is, by definition, the constant price GVA contribution to the production measure..

Crown Copyright. Material taken from National Statistics website: www.statistics.gov.uk. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2007-01-19 00:32:17

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