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• n  a statistical factor designed to remove the effect of inflation; inflation adjusted variables are in constant dollars

• We think that this odd figure was likely caused by flawed deflators.
• And the report's implicit price deflator, one of the Fed head's favorite inflation indicators, was unchanged in May for the second straight month.
• Ringo, a thoroughly unpretentious fellow, is also the most innately comic temperament; he is the catalyst, and also the deflator, of the crew.

News & Articles

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• Does The Fed Really Want Medical Care Cost Inflation To Pick Up?
  The Fed’s inflation target (using the core personal consumption deflator) has been 2% for quite some time. It’s been below that rate since May 2012. At last week’s press conference, Fed Chairman Ben Bernanke said that the FOMC is considering setting an inflation floor.
  Sept. 23, 2013 - Business Insider

Quotes

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• Steve Stirling in Seattle Post Intelligencer
  The power play was a momentum builder for them and a deflator for us,said Stirling.
• Joel Fitzgibbon in The Australian
  The single biggest change is the predicted fall in the non-farm deflator,Mr Fitzgibbon said.
• Ben Bernanke in Town Hall
  As measured by the price index for personal consumption expenditures excluding food and energy [called the core PCE deflator],Mr. Bernanke noted, "inflation is projected to be 2-1/4 percent to 2-1/2 percent this year and then to edge...