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Price of X in 2000: 80
Price of Y in 2000: 25
Price of X in 2001: 70
Price of Y in 2001: 42
Price of X in 2002: 40
Price of Y in 2002: 9
The base year is
2000
The representative basket of consumer goods is 96 units of X and 36 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: 39%
Nominal interest rate in 2002: 57%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 100
CPI in 2001: 95.9440559441
CPI in 2002: 48.5314685315
Inflation in 2001: -4.05594405594%
Inflation in 2002: -49.416909621%
Real interest rate in 2001: 44.8760932945%
Real interest rate in 2002: 210.380403458%