Macroeconomic Insights: Israel CPI – The Cost of War

Over the past 24 hours, Israel’s strike on Iran has markedly increased upside risks to inflation in the country. Just as tariffs introduce additional costs to consumers, businesses tend to pass on the cost of war to consumers. The risk of cargo ships getting entangled...

Macroeconomic Insights: Spain CPI – Is it Time to Buy a House?

Since the start of the year, housing market indicators have increasingly correlated with rising inflation pressures. Interestingly, Spain classifies mortgages as financial assets, excluding them from the CPI basket. Instead, tenant rents, a proxy reflecting potential...

Macroeconomics Insights: Eurozone Inflation and The Price of Fun

On April 28, 2025, at approximately noon, I couldn’t send a message to a colleague. I thought there must have been a problem with my WIFI, until I realized that none of the lights were working either. Within an hour, thousands of confused employees walked out of their...