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Price of X in 2000: 62

Price of Y in 2000: 98

Price of X in 2001: 79

Price of Y in 2001: 52

Price of X in 2002: 6

Price of Y in 2002: 19

The base year is

2000

The representative basket of consumer goods is 1 units of X and 12 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: 41%

Nominal interest rate in 2002: 54%

Find the real interest rate in both years

Scroll all the way down to see the solutions

CPI in 2000: 100

CPI in 2001: 56.785137318255

CPI in 2002: 18.901453957997

Inflation in 2001: -43.214862681745%

Inflation in 2002: -66.714082503556%

Real interest rate in 2001: 148.30440967283%

Real interest rate in 2002: 362.65811965812%