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Price of X in 2000: 89

Price of Y in 2000: 60

Price of X in 2001: 13

Price of Y in 2001: 90

Price of X in 2002: 24

Price of Y in 2002: 85

The base year is

2000The representative basket of consumer goods is 18 units of X and 94 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: 6%Nominal interest rate in 2002: 67%

Find the real interest rate in both years

Scroll all the way down to see the solutions

CPI in 2000: 100

CPI in 2001: 120.049710025

CPI in 2002: 116.29384148

Inflation in 2001: 20.0497100249%

Inflation in 2002: -3.12859443294%

Real interest rate in 2001: -11.7032436163%

Real interest rate in 2002: 72.393493232%