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The harmonized index of consumer prices (HICP) is a measure of inflation published by Eurostat that’s comparable across all countries in the European Union. It covers all 12 categories of the “European classification of individual consumption according to purpose” (ECOICOP). … Continue reading →

When unionized workers go on strike, the total amount of hours worked in the economy decreases; but the level of employment reported each month in the Current Employment Statistics survey may not show a similar change. The impact of labor … Continue reading →

The FRED graph above shows the exchange rate of two currencies with the US dollar: the Swiss franc and the Colombian peso. We chose these two for their obvious contrasting history. The Swiss franc is considered to be among the … Continue reading →

Summer is ending. As the new school year gears up, some areas of economic activity will get seasonal boosts—such as increases in retail sales of office supplies as incoming students and their families buy what they need for the classroom. … Continue reading →

It’s common to hear talk of one currency being “stronger” or “weaker” than another. This comparison helps determine how much of each currency is required to make purchases. A currency that’s stronger than another means it requires less of that … Continue reading →