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Price of X in 2000: 8
Price of Y in 2000: 75
Price of X in 2001: 47
Price of Y in 2001: 7
Price of X in 2002: 3
Price of Y in 2002: 27
The base year is
2002
The representative basket of consumer goods is 80 units of X and 90 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: 95%
Nominal interest rate in 2002: 60%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 276.779026217
CPI in 2001: 164.419475655
CPI in 2002: 100
Inflation in 2001: -40.5953991881%
Inflation in 2002: -39.1799544419%
Real interest rate in 2001: 228.257403189%
Real interest rate in 2002: 163.071161049%