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Price of X in 2000: 59
Price of Y in 2000: 43
Price of X in 2001: 77
Price of Y in 2001: 8
Price of X in 2002: 21
Price of Y in 2002: 100
The base year is
2001
The representative basket of consumer goods is 7 units of X and 67 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: 26%
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: 306.41860465116
CPI in 2001: 100
CPI in 2002: 636.93023255814
Inflation in 2001: -67.364905889496%
Inflation in 2002: 536.93023255814%
Real interest rate in 2001: 286.08744186047%
Real interest rate in 2002: -70.169417263035%