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Price of X in 2000: 28
Price of Y in 2000: 12
Price of X in 2001: 15
Price of Y in 2001: 4
Price of X in 2002: 59
Price of Y in 2002: 75
The base year is
2002
The representative basket of consumer goods is 82 units of X and 76 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: 74%
Nominal interest rate in 2002: 40%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 30.4422091478
CPI in 2001: 14.5568419055
CPI in 2002: 100
Inflation in 2001: -52.1820448878%
Inflation in 2002: 586.962190352%
Real interest rate in 2001: 263.880052151%
Real interest rate in 2002: -79.6204213323%