deflator
noun[C]
uk/dɪˈfleɪtər/usECONOMICS
afigurethat is used tochangecurrentpricesorwagesso that they can becomparedto pastpricesorwages, byremovingtheeffectofinflation:
TheGDPdeflator - theoverallinflationmeasurecoveringallpricechangesin theeconomyand not just at theconsumerlevel-rose0.4percentin the thirdquarterto 128.
Thepricedeflatormeasuresthemagnitudeofpriceincreasesanddetectswhetherhighercostsdriveconsumersaway from aproduct.