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Price of X in 2000: 59

Price of Y in 2000: 72

Price of X in 2001: 34

Price of Y in 2001: 90

Price of X in 2002: 44

Price of Y in 2002: 21

The base year is

2000The representative basket of consumer goods is 83 units of X and 11 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: 70%Nominal interest rate in 2002: 5%

Find the real interest rate in both years

Scroll all the way down to see the solutions

CPI in 2000: 100

CPI in 2001: 67.006503779223

CPI in 2002: 68.254526278784

Inflation in 2001: -32.993496220777%

Inflation in 2002: 1.8625393494229%

Real interest rate in 2001: 153.70671563484%

Real interest rate in 2002: 3.0800927118208%