What does the Big Mac Index really measure?

The Economist is out with the latest Big Mac Index measurement. The Big Mac Index — which compares the price of the famous McDonald’s hamburger in various countries around the world — was started as a joke in 1986, and purports to act as a light-hearted proxy for measuring the purchasing power of currencies around the world. The Big Mac is a homogeneous good that is sold worldwide, which makes it a plausible candidate for such a comparison.

Read More At TheWeek.com

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18 thoughts on “What does the Big Mac Index really measure?

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  2. Someone might want to import Big Mac’s from India. Or if your addicted to fast food shows good vacation spots. The chart could be expanded to include the same items and formula US uses in the cost of living index as a guide to ex-patriots on a budget..

  3. Interesting..a Big Mac is really cheaper in Japan? And it is apples to apples (sorry, I could not resist).

    If true, that suggest Japan’s stand tad of living is higher than we think…

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