No, that is the definition given by wikipedia right in the first sentence, it is not a function of location. You can come up with your own definition of what y

No, that is the definition given by wikipedia right in the first sentence, it is not a function of location. You can come up with your own definition of what you consider local (neighbourhood, city, county, state, country?) or cherrypick a basket you want to use as a base (McD), but that simply reflects your biases. https://en.wikipedia.org/wiki/Purchasing_power https://en.wikipedia.org/wiki/Purchasing_power