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Price of X in 2000: 3

Price of Y in 2000: 18

Price of X in 2001: 94

Price of Y in 2001: 71

Price of X in 2002: 66

Price of Y in 2002: 69

The base year is

2000

The representative basket of consumer goods is 51 units of X and 77 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: 32%

Nominal interest rate in 2002: 34%

Find the real interest rate in both years

Scroll all the way down to see the solutions

CPI in 2000: 100

CPI in 2001: 666.73164392463

CPI in 2002: 563.93762183236

Inflation in 2001: 566.73164392463%

Inflation in 2002: -15.417600623721%

Real interest rate in 2001: -80.201929636488%

Real interest rate in 2002: 58.425394630718%