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Price of X in 2000: 30
Price of Y in 2000: 45
Price of X in 2001: 100
Price of Y in 2001: 34
Price of X in 2002: 76
Price of Y in 2002: 48
The base year is
2000
The representative basket of consumer goods is 17 units of X and 40 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: 88%
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: 100
CPI in 2001: 132.467532468
CPI in 2002: 139.047619048
Inflation in 2001: 32.4675324675%
Inflation in 2002: 4.96732026144%
Real interest rate in 2001: 41.9215686275%
Real interest rate in 2002: 51.4757160648%