Deflator

{
  "id": "MLC-T-ECS-000490",
  "term": "Deflator",
  "field": "Economic statistics",
  "definition": "Factor that allows data to be measured over time in terms of some base period.\n\nNote: An interesting example is the use of the Consumer Price Index (CPI) as a deflator of the value of the consumer’s dollar to find its purchasing power. The purchasing power of the consumer’s dollar measures the change in the value to the consumer of goods and services that a dollar will buy at different dates. In other words, as prices increase, the purchasing power of the consumer’s dollar declines.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/deflator/"
}