"Medium-term, the dynamics of the purchasing power parity should become harmonised with the GDP deflator."It added that the deceleration in convergence trends is due to different methodologies used in measuring the price level in Slovakia.
These data include a breakdown of GDP into price and quantity indexes, as well as a GDP implicit price deflator. The GDP price index and implicit price deflator are derived from the measurement of GDP, giving rise to three main issues that distinguish the GDP price indexes from other measures of inflation.
GDP Deflator According to the latest data available by the Central Department of Statistics and Information, the nonoil GDP deflator contracted by 0.9 percent during the second quarter of 2014 as compared to the previous quarter.
The GDP deflator rose at an average of only 0.15 percent annually between 1991 and 2000 and fell at an annual average of 1.3 percent from 2001 to 2012.
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