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Price of X in 2000: 51
Price of Y in 2000: 78
Price of X in 2001: 35
Price of Y in 2001: 12
Price of X in 2002: 1
Price of Y in 2002: 62
The base year is
2002
The representative basket of consumer goods is 82 units of X and 24 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: 78%
Nominal interest rate in 2002: 90%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 385.6050955414
CPI in 2001: 201.14649681529
CPI in 2002: 100
Inflation in 2001: -47.83614139412%
Inflation in 2002: -50.284990500317%
Real interest rate in 2001: 241.23242558581%
Real interest rate in 2002: 282.17834394904%