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Price of X in 2000: 19
Price of Y in 2000: 68
Price of X in 2001: 15
Price of Y in 2001: 5
Price of X in 2002: 67
Price of Y in 2002: 34
The base year is
2002
The representative basket of consumer goods is 71 units of X and 7 units of Y.
Find the CPI for all 3 years.
Find the inflation rate in 2001 and 2002.
Extra problem (if you have completed Chapter 9):
Nominal interest rate in 2001: 67%
Nominal interest rate in 2002: 50%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 36.5365365365
CPI in 2001: 22.022022022
CPI in 2002: 100
Inflation in 2001: -39.7260273973%
Inflation in 2002: 354.090909091%
Real interest rate in 2001: 177.068181818%
Real interest rate in 2002: -66.966966967%