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What is a deflator?

What is a deflator? Here are some definitions.

Noun
  1. (economics) A factor applied to economic statistics in order to counter the effect of inflation
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Examples
Pending this morning's release of the consumer price index and the import deflator on Thursday, investors dropped the bond market this week, touching off a gradual increase in rates.
He also mentioned that Allan Crawford's suggested use of the PPI as a deflator for real wages appealed to him.
The GDP deflator, an overall price index, fell 3.5 percent from a year earlier, the sharpest ever drop, adding to the deflationary problems dominating the Japanese economy.
A broad-based measure of Chinese inflation, the GDP deflator, is now showing falling prices.
The monthly increase in the core deflator is still very moderate, and in April recorded its feeblest growth since December.
A better bet is to predict the price deflator using the consumer price index for non-durable goods.

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