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Price of X in 2000: 32
Price of Y in 2000: 61
Price of X in 2001: 42
Price of Y in 2001: 32
Price of X in 2002: 63
Price of Y in 2002: 2
The base year is
2002
The representative basket of consumer goods is 40 units of X and 28 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: 5%
Nominal interest rate in 2002: 59%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 115.99378881988
CPI in 2001: 100
CPI in 2002: 100
Inflation in 2001: -13.788487282463%
Inflation in 2002: 0%
Real interest rate in 2001: 21.79347826087%
Real interest rate in 2002: 59%