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Price of X in 2000: 26
Price of Y in 2000: 17
Price of X in 2001: 35
Price of Y in 2001: 8
Price of X in 2002: 65
Price of Y in 2002: 11
The base year is
2001
The representative basket of consumer goods is 92 units of X and 84 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: 62%
Nominal interest rate in 2002: 18%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 98.150051387461
CPI in 2001: 100
CPI in 2002: 177.38951695786
Inflation in 2001: 1.8848167539267%
Inflation in 2002: 77.389516957862%
Real interest rate in 2001: 59.003083247688%
Real interest rate in 2002: -33.479721900348%