UK gross domestic expenditure deflator, annual growth
UK gross domestic expenditure deflator, annual growth stood at 3% in Q2 2026, according to Office for National Statistics (ONS). It is one of the indicators in the Quarterly GDP table (Value · Quarterly), with a complete series running from Q1 1956 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Quarterly GDP table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deflators | |||||||||||
| Gross domestic expenditure deflator, year on year | 3 | 3.1 | 3.4 | 3.2 | 3.4 | 3.4 | 3.7 | 2.8 | 2.5 | 2.9 | |
| GDP deflator, year on year | 2.4 | 3.1 | 3.2 | 3.3 | 3.8 | 3.9 | 4.4 | 3.9 | 3.3 | 3.6 |
Understanding UK gross domestic expenditure deflator, annual growth
Price dynamics across all goods and services absorbed domestically within the United Kingdom are measured here via the annual percentage change in the gross domestic expenditure deflator. Gross domestic expenditure comprises household consumption, government spending, and capital investment, meaning its deflator measures prices paid by domestic purchasers rather than prices received by domestic producers. It differs from the GDP deflator by retaining the prices of imported goods and excluding the prices received for United Kingdom exports.
This year-on-year growth rate provides an effective gauge of broad domestic absorption costs, bridging national accounts concepts with consumer price indices. Because it is calculated over four quarters, seasonal volatility is tempered, but sharp movements in foreign exchange rates can pass through imported intermediate and capital goods to alter the reading. When the terms of trade shift violently, this deflator will diverge significantly from the production-based GDP deflator, offering valuable insight into import price absorption.
Frequently asked questions
- Why does this measure diverge from the GDP deflator during currency depreciations?
- A falling pound raises import prices, which lifts the domestic expenditure deflator but does not directly lift the domestic production GDP deflator.
- What components are included in gross domestic expenditure?
- It includes final household consumption, general government final consumption, non-profit institutions serving households, and gross capital formation.
- Does this expenditure deflator include export prices?
- No, exports are sold to non-residents and are therefore excluded from domestic expenditure.