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Price of X in 2000: 43
Price of Y in 2000: 33
Price of X in 2001: 8
Price of Y in 2001: 69
Price of X in 2002: 96
Price of Y in 2002: 95
The base year is
2000
The representative basket of consumer goods is 93 units of X and 95 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: 10%
Nominal interest rate in 2002: 35%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 100
CPI in 2001: 102.31286795627
CPI in 2002: 251.65405102327
Inflation in 2001: 2.3128679562658%
Inflation in 2002: 145.96520071243%
Real interest rate in 2001: 7.5133579942458%
Real interest rate in 2002: -45.114187043948%