#firstdealofthenewyearastylz# When it comes to measuring inflation, two key indicators stand out: the GDP Deflator and the Consumer Price Index (CPI). The GDP Deflator takes a broad view, capturing price changes across the entire economy, including all goods and services. In contrast, the CPI zooms in on consumer goods and services, tracking price shifts in household purchases. While both metrics provide valuable insights, they differ in scope, methodology, and purpose.