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Price of X in 2000: 86
Price of Y in 2000: 97
Price of X in 2001: 39
Price of Y in 2001: 57
Price of X in 2002: 70
Price of Y in 2002: 67
The base year is
2000
The representative basket of consumer goods is 65 units of X and 55 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: 41%
Nominal interest rate in 2002: 44%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 100
CPI in 2001: 51.8993135011
CPI in 2002: 75.3775743707
Inflation in 2001: -48.1006864989%
Inflation in 2002: 45.2380952381%
Real interest rate in 2001: 171.67989418%
Real interest rate in 2002: -0.852459016393%