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Price of X in 2000: 61
Price of Y in 2000: 91
Price of X in 2001: 86
Price of Y in 2001: 85
Price of X in 2002: 17
Price of Y in 2002: 79
The base year is
2001
The representative basket of consumer goods is 22 units of X and 5 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: 2%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 77.557186016401
CPI in 2001: 100
CPI in 2002: 33.189469141131
Inflation in 2001: 28.937117417919%
Inflation in 2002: -66.810530858869%
Real interest rate in 2001: -2.2779456193354%
Real interest rate in 2002: 207.32639791938%