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Price of X in 2000: 15
Price of Y in 2000: 20
Price of X in 2001: 59
Price of Y in 2001: 78
Price of X in 2002: 31
Price of Y in 2002: 55
The base year is
2002
The representative basket of consumer goods is 49 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: 27%
Nominal interest rate in 2002: 85%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 42.443408788282
CPI in 2001: 166.344873502
CPI in 2002: 100
Inflation in 2001: 291.92156862745%
Inflation in 2002: -39.883930358215%
Real interest rate in 2001: -67.595557334401%
Real interest rate in 2002: 207.7380159787%