Dividing the nominal GDP by the deflator removes the effects of inflation. For example, if an economy's prices have increased by 1% since the base year, the deflating number is 1.01. If nominal ...

But goods inflation is important to consumers, who can vote with their wallet on whether to go out to the theaters (service) or to stay in and do some retail therapy online (goods). As the latter ...

In a news release on Friday morning, China's National Bureau of Statistics reported its economy grew 5% in 2024 from a year ago, meeting its official target. Analysts polled by Reuters had ...