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Price of X in 2000: 52
Price of Y in 2000: 76
Price of X in 2001: 51
Price of Y in 2001: 38
Price of X in 2002: 68
Price of Y in 2002: 95
The base year is
2001
The representative basket of consumer goods is 19 units of X and 14 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: 97%
Nominal interest rate in 2002: 26%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 136.70886075949
CPI in 2001: 100
CPI in 2002: 174.6835443038
Inflation in 2001: -26.851851851852%
Inflation in 2002: 74.683544303797%
Real interest rate in 2001: 169.3164556962%
Real interest rate in 2002: -27.869565217391%