🔗 Big Mac Index Manipulation

🔗 Finance & Investment 🔗 Economics 🔗 Food and drink 🔗 Food and drink/Foodservice 🔗 Retailing 🔗 Globalization

The Big Mac Index is a price index published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries. It "seeks to make exchange-rate theory a bit more digestible."

The index, created in 1986, takes its name from the Big Mac, a hamburger sold at McDonald's restaurants.