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Price of X in 2000: 7

Price of Y in 2000: 51

Price of X in 2001: 11

Price of Y in 2001: 57

Price of X in 2002: 24

Price of Y in 2002: 64

The base year is

2000

The representative basket of consumer goods is 11 units of X and 27 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: 93%

Nominal interest rate in 2002: 98%

Find the real interest rate in both years



Scroll all the way down to see the solutions

















































CPI in 2000: 100

CPI in 2001: 114.16781292985

CPI in 2002: 137.00137551582

Inflation in 2001: 14.167812929849%

Inflation in 2002: 20%

Real interest rate in 2001: 69.049397590361%

Real interest rate in 2002: 65%