Description
China GDP Deflator is published by the National Bureau of Statistics (NBS) of China. It is used to measure changes in the overall price level within the economy. The GDP Deflator reflects the changes between nominal GDP and real GDP, adjusting for price changes in economic activities. It serves as a key indicator for assessing inflation and economic growth. An increase in the deflator typically signifies rising prices, whereas a decrease may indicate price declines or deflationary pressures.