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Price of X in 2000: 36
Price of Y in 2000: 86
Price of X in 2001: 79
Price of Y in 2001: 26
Price of X in 2002: 94
Price of Y in 2002: 27
The base year is
2002
The representative basket of consumer goods is 92 units of X and 96 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: 27%
Nominal interest rate in 2002: 9%
Find the real interest rate in both years
Scroll all the way down to see the solutions
CPI in 2000: 102.91814946619
CPI in 2001: 86.868327402135
CPI in 2002: 100
Inflation in 2001: -15.594744121715%
Inflation in 2002: 15.116755428103%
Real interest rate in 2001: 50.4645637034%
Real interest rate in 2002: -5.3135231316726%