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Price of X in 2000: 14
Price of Y in 2000: 86
Price of X in 2001: 14
Price of Y in 2001: 87
Price of X in 2002: 6
Price of Y in 2002: 39
The base year is
2002
The representative basket of consumer goods is 32 units of X and 32 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: 16%
Nominal interest rate in 2002: 37%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 222.22222222222
CPI in 2001: 224.44444444444
CPI in 2002: 100
Inflation in 2001: 1%
Inflation in 2002: -55.445544554455%
Real interest rate in 2001: 14.851485148515%
Real interest rate in 2002: 207.48888888889%