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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
2000
The 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%