What is the difference between CPI and GDP Deflator?

Do you think that CPI and GPD are the same? A lot of people think this way but they should not be mistaken. They are both used in order to test the ratio of the consumers who would like to get the products and the products that are actually available to the consumers.

They will both measure the changes so that it will be easier for the company to come up with possible solutions to their current problems. The CPI will check the current inflation rate so that the right answer can be given. The GPD will check the current economy to be sure that there are enough goods that are needed by the consumers.

CPI and GPD are known to be related to each other but they are not the same. One of their similarities is how they are both used in order to measure the changes that are happening between the prices of goods and services. CPI will measure the changes based on the current inflation rate.

There are some people who say that these ways of measurements should be used together in order to get the results that you want. There are some people who say that the CPI may be a better provider of details from past inflation as compared to the current inflation but details about these are still being checked.