What is the diference between CPI and GDP deflator tracking? CPI tracks price changes in all consumer goods and services, while the GDP deflator tracks price changes in all intermediate goods and services CPI tracks price changes in a basket of goods and services, while the GDP deflator tracks price changes in all goods and services. CPI tracks price changes in all consumer goods and services, while the GDP deflator tracks price changes in all capital goods and services CPI tracks price changes in a basket of goods and services, while the GDP deflator tracks price changes in all final goods and services.

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