The difference between GDP deflator and inflation rate

1.	The difference between GDP deflator and inflation rate
Answer» Answer: After 2009 inflation rate is also calculated on the basis of CPI. ... CPI is COMPUTED using a FIXED basket of goods, whereas GDP DEFLATOR allows the basket of goods to change over time as composition of GDP changes. Price index with changing basket is CALLED PAASCHE index.

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Answer:

After 2009 inflation rate is also calculated on the basis of CPI. ... CPI is COMPUTED using a FIXED basket of goods, whereas GDP DEFLATOR allows the basket of goods to change over time as composition of GDP changes. Price index with changing basket is CALLED PAASCHE index.

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The difference between GDP deflator and inflation rate

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