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Price of X in 2000: 64
Price of Y in 2000: 99
Price of X in 2001: 3
Price of Y in 2001: 35
Price of X in 2002: 60
Price of Y in 2002: 29
The base year is
2002
The representative basket of consumer goods is 4 units of X and 63 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: 86%
Nominal interest rate in 2002: 92%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 314.126753749
CPI in 2001: 107.256894049
CPI in 2002: 100
Inflation in 2001: -65.8555367319%
Inflation in 2002: -6.76589986468%
Real interest rate in 2001: 444.744248985%
Real interest rate in 2002: 105.933236575%