Price adjustment

Statistical technique used to remove the effects of price influences operating on a data series.

Various economic aggregates (e.g. GDP, investment, household consumption) are calculated so that changes in value terms can be divided up into a factor that reflects the underlying price changes and a factor which reflects the volume changes. As a result of this sub-division, one can get an idea of how these aggregates develop after adjustment for price changes. For example, in order to measure the volume growth of GDP and its components, it is therefore necessary to remove the effect of price changes from the changes in value, by keeping prices "constant" as it were.

urn:sdmx:org.sdmx.infomodel.conceptscheme.Concept=SDMX:CROSS_DOMAIN_CONCEPTS(2.0).PRICE_ADJUST

Recommended representation: Code list
Codelist ID: CL_PRICE_ADJUST