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findy findy
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11 years ago
What is the difference between the GDP deflator and the Consumer Price Index?
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#1
11 years ago
1) GDP Deflator reflects prices of all goods and services produced within the country, whereas CPI reflects the prices of a representative basket of goods and services purchased by the consumers.
2) CPI uses a fixed basket of goods and services whereas the GDP deflator compared the price of currently produced goods relative to price of goods in the base year.

GDP deflator is a better measure although both are used to measure inflation.
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#2
11 years ago
CPi is calculated by using a fixed basket of goods to measure inflation.
Deflator is calculated by using a moving basket of goods to adjust the GDP.
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