Big Mac index

Burgernomics: The Big Mac index

Burgernomics: The Big Mac index

The Economist recently published their popular “Big Mac Index,” a semi-annual “lighthearted guide to valuing currencies” that “is based on the theory of purchasing-power parity (PPP), which says that exchange rates should equalise the price of a basket of goods in each country.” The single baseline product for comparison is McDonald’s Big Mac which can…