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Adult Social Care Activity and Finance Report, England - 2018-19 [PAS]National statistics, Official statistics
- Publication Date:
- 22 Oct 2019
- Geographic Coverage:
- Geographical Granularity:
- Country, Regions, Councils with Adult Social Services Responsibilities (CASSRs), Local Authorities
- Date Range:
- 01 Apr 2018 to 31 Mar 2019
Appendix A: Use of GDP deflator
Source: GDP deflators at market prices, and money GDP September 2019, published 1st October 2019, HM Treasury https://www.gov.uk/government/statistics/gdp-deflators-at-market-prices-and-money-gdp-september-2019-quarterly-national-accounts
In 2008-09, £100 was spent on a piece of equipment for a client. In 2018-19, a replacement piece of equipment had to be bought for £110. In cash terms, the cost of this piece of equipment has risen by £10 (10%). If, however the rate of inflation is taken into account, the cost of the product in 2008-09 at 2018-19 prices would have been £118.45 (see calculation below). This would mean that the product is cheaper in real terms in 2018-19 by £8.45 (7%).
2008-09 price in 2018-19 real terms = 2008-09 price X (GDP deflator 2018-19 / GDP deflator 2008-09)
2008-09 price in 2018-19 real terms = £100 X (100 / 84.421) = £118.45