Japan has updated its Consumer Price Index (CPI) basket. As office dress codes have become more casual, formal office wear items, such as ties, are out. They are replaced with modern lifestyle items like protein powder.—ft.com
Category: MAT2
How Markets Work (Demand and Supply, Applications, Extensions)
Keywords: Equilibrium price, Equilibrium quantity
Parkin 14e Chapter 3
Bade-Parkin 9e Chapter 4
Parkin-Bade Canada 11e Chapter 3
Parkin-Bade Australia 2e Chapter 4
Parkin-Powell-Matthews 11e Chapter 3
Hamburger Helper Sales Rise
During the 2008 financial crisis and the Covid pandemic in 2020, sales of Hamburger Helper increased. Even today, with the price for food consumed at home 21 percent higher than it was four years ago, sales are up 14.5 percent in the year through August.—nytimes.com
Spain’s Economy Expands as Population Climbs to 49 Million
Spain's economy grew by 3.2% last year, driven in part by a significant increase in population—from 46 million to 49 million, largely due to increased immigration.–economist.com
Inflation Remains Sticky in Europe, with Core Prices Cooling Less than Expected
Inflation in the EU eased to 2.6% in February, but both the headline and core figures were higher than expected. Core inflation is holding at 3% even as the headline rate moves towards the ECB’s 2% target.—cnbc.com, March 1, 2024
Natural Gas Prices Haven’t Been This Low Since Russia Went to War
Natural gas prices in Europe are tumbling. Record-breaking warm weather and efforts to use less gas have helped. Europe is boosting imports from Norway and buying imported liquefied natural gas. Consumers in countries with a price cap for a set period aren’t paying lower prices yet.—cnn.com
Markets for Cocoa and Chocolate
Dec 3, 2019 The price of cocoa, the key ingredient of chocolate, has soared. Why? Given the almost universal love of chocolate, our team at Econ Eye thinks it’s a good idea to find the answer. Start with some facts. The table provides data for 2000 and 2020, which show that the quantity of cocoa … Continue reading Markets for Cocoa and Chocolate