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Price of X in 2000: 42
Price of Y in 2000: 69
Price of X in 2001: 58
Price of Y in 2001: 76
Price of X in 2002: 15
Price of Y in 2002: 24
The base year is
2001
The representative basket of consumer goods is 57 units of X and 82 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: 86%
Nominal interest rate in 2002: 70%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 84.420213881317
CPI in 2001: 100
CPI in 2002: 29.597399874187
Inflation in 2001: 18.455042225534%
Inflation in 2002: -70.402600125813%
Real interest rate in 2001: 57.021597819249%
Real interest rate in 2002: 474.37477860432%