The Big Mac index is a survey created by The Economist magazine in 1986 to measure purchasing power parity (PPP) between nations, using the price of a McDonald's Big Mac as the benchmark.

For example, in 2024, Switzerland had the most expensive Big Mac in the world, at an equivalent of $8.07 in U.S. dollars, ...

To illustrate how the Big Mac Index works, let's consider an example. In August 2023, a Big Mac cost $5.58 in the U.S. and £4.19 in the United Kingdom.

The Big Mac Index, a quirky economic tool, measures global currency value through the cost of a McDonald’s burger. It’s simple, bite-sized economics that anyone can understand.

That’s a lotta lettuce. The average price for a McDonald’s Big Mac in the US is now estimated at $5.15, or nearly 22% more since the pre-pandemic era, a new study shows.. The iconic burger’s ...

From this comparison, you can see that while annual Big Mac Index (BMI) inflation through December 2021 and since 1996 has been 3.54%, the CPI has only reported 2.31% inflation.

In late April and early May 2024, a rumor went viral online, claiming that from 1980 to 2024, the price of McDonald's classic burger, the Big Mac, increased from $0.50 to $8 yet it lost 40% of its ...

In June 2013, a Big Mac averaged $4.18 and in July 2019, the price jumped to $4.71, according to the Big Mac Index. The reason for the increase in price can be attributed to several factors.

Argentina's strong peso has pushed up local prices in dollar terms, with the country now having the most expensive McDonald's Big Mac in the region. It's pricier even than in Brooklyn, New York ...

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 ...