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Price of X in 2000: 51
Price of Y in 2000: 3
Price of X in 2001: 61
Price of Y in 2001: 31
Price of X in 2002: 15
Price of Y in 2002: 97
The base year is
2000
The representative basket of consumer goods is 13 units of X and 39 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: 96%
Nominal interest rate in 2002: 39%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 100
CPI in 2001: 256.66666666667
CPI in 2002: 510
Inflation in 2001: 156.66666666667%
Inflation in 2002: 98.701298701299%
Real interest rate in 2001: -23.636363636364%
Real interest rate in 2002: -30.045751633987%