The dollar is now better value, says the Big Mac index

American inflation has left its mark across the country’s economy and the world’s financial markets. It has also reared its head between the Golden Arches. Since 1986 The Economist has tracked the price of a McDonald’s Big Mac around the world as a light-hearted guide to the fair value of currencies. Our index shows that […]

What inflation means for the Big Mac index

For much of the past two years, economists have argued fiercely about prices. As inflation in America and elsewhere has exceeded central-bank targets, analysts have dissected different components of the cost of living, including the prices of goods, services, energy and rents. But what about the Big Mac? The iconic McDonald’s burger is an amalgam […]