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Price of X in 2000: 100
Price of Y in 2000: 25
Price of X in 2001: 28
Price of Y in 2001: 36
Price of X in 2002: 81
Price of Y in 2002: 77
The base year is
2000
The representative basket of consumer goods is 43 units of X and 71 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: 97%
Nominal interest rate in 2002: 5%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 100
CPI in 2001: 61.893004115226
CPI in 2002: 147.32510288066
Inflation in 2001: -38.106995884774%
Inflation in 2002: 138.03191489362%
Real interest rate in 2001: 218.29122340426%
Real interest rate in 2002: -55.888268156425%