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Price of X in 2000: 35
Price of Y in 2000: 50
Price of X in 2001: 28
Price of Y in 2001: 27
Price of X in 2002: 86
Price of Y in 2002: 76
The base year is
2000
The representative basket of consumer goods is 11 units of X and 47 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: 46%
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: 57.659963436929
CPI in 2002: 165.19195612431
Inflation in 2001: -42.340036563071%
Inflation in 2002: 186.49334178821%
Real interest rate in 2001: 153.20862396956%
Real interest rate in 2002: -53.227534307216%