2025-02-05 19:46
IndustryGDP deflator and consumer price index difference
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The GDP Deflator and the Consumer Price Index (CPI) are both measures of inflation but differ in scope, coverage, and calculation.
1. GDP Deflator
Measures the price level of all goods and services produced domestically.
Covers a broader range of goods than CPI, including investment goods and government services.
Formula:
GDP deflator=(Nominal GDP/Real GDP)×100
2. Consumer Price Index (CPI)
Measures the price level of a fixed basket of consumer goods and services purchased by households.
More relevant for cost-of-living adjustments (e.g., salaries, pensions).
Formula
CPI=(Cost of fixed Basket in current year/Cost of fixed Basket in Base year)×100
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GDP deflator and consumer price index difference
Hong Kong | 2025-02-05 19:46#firstdealofthenewyearastylz#
The GDP Deflator and the Consumer Price Index (CPI) are both measures of inflation but differ in scope, coverage, and calculation.
1. GDP Deflator
Measures the price level of all goods and services produced domestically.
Covers a broader range of goods than CPI, including investment goods and government services.
Formula:
GDP deflator=(Nominal GDP/Real GDP)×100
2. Consumer Price Index (CPI)
Measures the price level of a fixed basket of consumer goods and services purchased by households.
More relevant for cost-of-living adjustments (e.g., salaries, pensions).
Formula
CPI=(Cost of fixed Basket in current year/Cost of fixed Basket in Base year)×100
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