The big mac index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the ...

The Economist has released its Big Mac Index for July, and it turns out the soaring loonie is causing something of a pickle for Canadians. The magazine compares the price of Big Macs locally to a ...

The Big Mac index is old hat. Who, in these health-conscious times, buys a Big Mac any more? Instead, please welcome a more pertinent yardstick for our time: the iPod index. This is the brainchild of ...

At some point, most Americans have tried the iconic Big Mac hamburger from McDonald's. Whether it's a staple of your diet, or a meal you're forced to pick up on a road trip, we all recognize two beef ...

Explore the Big Mac Index, a unique measure of purchasing power parity that compares currency valuations using the global ...

President Donald Trump‘s latest trade policy memo could find unexpected support from an unlikely source—McDonald’s (NYSE:MCD) hamburger prices. The Economist’s Big Mac Index, a longstanding measure of ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. The “law of one price” holds that identical goods should trade for the same price ...

The “Big Mac Index” was created in the 1980s by economists looking to evaluate the relative levels of affordability among various countries and currencies. The idea was that McDonald’s Big Mac was ...

The Big Mac index reveals inflation is underestimated; Big Mac prices have risen 163% since 2000, while official inflation is only 85%. Technological advancements and hedonic adjustments skew ...