Employment Cost Index
Inflation monitoring gauge used by forex traders that takes into account a range of different jobs or occupations and qualifies the changes in salary, bonuses and benefits that persons employed in these fields experience. Inflation is often passed onto consumers through price increases in consumer products as wages go up, which is why monitoring of this can be used to track inflation. Using the Employment Cost Index, it is possible for foreign exchange investors to determine if wage increases are justifiable.
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