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Price of X in 2000: 43
Price of Y in 2000: 64
Price of X in 2001: 85
Price of Y in 2001: 62
Price of X in 2002: 41
Price of Y in 2002: 6
The base year is
2001
The representative basket of consumer goods is 77 units of X and 86 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: 60%
Nominal interest rate in 2002: 11%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 74.219078891976
CPI in 2001: 100
CPI in 2002: 30.925317841206
Inflation in 2001: 34.736245036869%
Inflation in 2002: -69.074682158794%
Real interest rate in 2001: 18.750526227162%
Real interest rate in 2002: 258.92921317724%