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progree

(12,382 posts)
62. New answer: Apparently not, if AI is to be believed
Fri Sep 26, 2025, 03:57 PM
Friday

My default search engine is Google, and I'm using the AI blurb it produces:

Q. how does the gdp deflator differ from the consumer price index?

A. The GDP deflator measures the prices of all goods and services produced domestically within an economy, whereas the Consumer Price Index (CPI) measures the prices of goods and services bought by a typical urban consumer. Key differences include the GDP deflator's inclusion of only domestic goods and its use of a changing basket of goods, while the CPI includes imported goods and uses a fixed basket.

Q does the GDP deflator include tariffs?

A. No, the GDP deflator does not include tariffs because the GDP deflator focuses on the prices of domestically produced goods and services and excludes import duties.

====================================================

A lot of domestically produced goods have imported parts and ingredients, so I wonder if they try to adjust those out or not.

Recommendations

1 members have recommended this reply (displayed in chronological order):

Sure it did. LudwigPastorius Sep 25 #1
First thing I thought: U.S. Commerce Department is putting out these numbers, Lutnick doesn't want to be fired. sop Sep 25 #2
If those numbers are accurate, maybe they represent spending before tariffs spooky3 Sep 25 #3
It includes Libation Day (sp) in April, with front running & all kinds of unusual adjustments by corps to TACO. Bernardo de La Paz Sep 25 #16
Sure, Jan. Scrivener7 Sep 25 #4
Awful that we have to wonder if official reports and stats are trustworthy. But there's good reason. And awful that wiggs Sep 25 #5
no need to decrease interest rates then, Mr Powell chicoescuela Sep 25 #6
So no more interest rate cuts? Raven123 Sep 25 #7
Has this been independently verified? greatauntoftriplets Sep 25 #8
The data for the next ten quarters is available and waiting to be released. twodogsbarking Sep 25 #9
Impossible Nigrum Cattus Sep 25 #10
Go to the web site or talk to an economist. . . . . nt Bernardo de La Paz Sep 25 #17
Wait a while johnnyfins Sep 25 #11
Yes, the economy is artificially boosted by AI capex (data centres, energy) Bernardo de La Paz Sep 25 #19
The real data will be Tax receipts IbogaProject Sep 25 #29
AI Capex, while strong, is not driving GDP growth lapfog_1 Friday #53
They are moving to throw up data centres as fast as they can. There is construction, purchase of gas turbines, etc. Bernardo de La Paz Friday #57
and there's swamp land in Yuma mdbl Sep 25 #12
Reporting anything less than 3x reality gets you fired ThoughtCriminal Sep 25 #13
You just shat on all the career professionals there. Bernardo de La Paz Sep 25 #18
Sure, blame our own ThreeNoSeep Sep 25 #24
How Dare You. Insulting people you don't know over facts you don't understand. Wiz Imp Sep 25 #31
Thank you. As if not getting fired automatically makes a worker corrupt. Bernardo de La Paz Sep 25 #34
That's all true OrwellwasRight Friday #42
Everything he said would prevent a political appointee from juicing numbers. Bernardo de La Paz Friday #43
Thank you! You are right about everything. Wiz Imp Friday #46
The process makes it virtually impossible. Wiz Imp Friday #47
Nobody cares. Igel Friday #66
And when the reports are especially bad, like the last 2 payroll jobs reports, and the May retail sales progree Friday #67
Agreed - although I myself learned long ago that going through the mental contortions required to willfully Midwestern Democrat Saturday #68
Reporting it accurately in Trump's maladministration and you are fired. travelingthrulife Friday #49
Elevated spending because costs are increased by tariffs? nilram Sep 25 #14
LOL. "revised higher largely due to new additional data" PSPS Sep 25 #15
For some reason, I'm sure you had no problems believing the 1st quarter GDP Wiz Imp Sep 25 #32
In Fairness RobinA Friday #65
Does anyone trust any numbers from a Trump admin? ananda Sep 25 #20
I no longer trust numbers from trump LetMyPeopleVote Sep 25 #21
Hmmm lonely bird Sep 25 #22
The reported GDP numbers are inflation-adjusted, that's why it's called "real GDP". The nominal dollar increase was a progree Sep 25 #36
Okaaaay lonely bird Friday #45
Cool story, bro🙄nt Javaman Sep 25 #23
I hate to sound like a conspiracy theorist, Hayabusa Sep 25 #25
... UpInArms Sep 25 #26
Bullshit. AltairIV Sep 25 #27
As the members of Delta Tau Chi would say it. CentralMass Sep 25 #28
Um! ProfessorGAC Sep 25 #30
The reported GDP numbers are inflation-adjusted, that's why it's called "real GDP". The nominal dollar increase was 6.0% progree Sep 25 #37
Thanks, I Missed That ProfessorGAC Friday #44
But does "inflation-adjusted," adjust for tariff increases? Doodley Friday #55
This message was self-deleted by its author progree Friday #61
New answer: Apparently not, if AI is to be believed progree Friday #62
Thank you for the info. So, tariffs could, at least partly, be distorting the numbers. Doodley Friday #64
A major reason for the increase is actually a quirk in how the GDP is calculated. Wiz Imp Sep 25 #33
They're messing with the numbers. n/t aggiesal Sep 25 #35
Yah right Lemon Lyman Sep 25 #38
I don't believe it at all. CaptainTruth Sep 25 #39
I was expecting 38%, 3800%, or 38,000,000%. So disappointing. hay rick Sep 25 #40
I don't Rebl2 Sep 25 #41
Just like voting, Spending boycotts only work if people participate. Hotler Friday #48
Instead of trafficking in conspiracy theories about how everything is "fake" (it's not) Wiz Imp Friday #50
Sure it did. Ocelot II Friday #51
I trust no numbers coming from this gang. Ritabert Friday #52
nice, cnn! way to spin "inflation was even higher than previously thought" as a positive thing. unblock Friday #54
The "personal consumption expenditures price index" is reportedly the Fed's favorite inflation gauge progree Friday #63
Do we believe this? No. WhiteTara Friday #56
I'm surprised they didn't report 38 percent Bristlecone Friday #58
Yeah sure kimbutgar Friday #59
I don't believe it. Paper profits, at best, outright lying and statistics manipulation at worst. /nt artemisia1 Friday #60
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