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you are describing pretty much the Big Mac Index https://en.wikipedia.org/wiki/Big_Mac_Index https://en.wikipedia.org/wiki/Big_Mac_Index
by Prunkton 4y ago
you are describing pretty much the Big Mac Index
https://en.wikipedia.org/wiki/Big_Mac_Index https://en.wikipedia.org/wiki/Big_Mac_Index
- P_I_Staker 4y agoAccording to the Arizona Ice Tea index, there has been NO inflation.
- costcohotdoggy 4y agoCostco Hot Dog feels the same.
- oblio 4y agoI know you're both joking, but the Big Mac is a global product, unlike both of those. So despite it still being a joke indicator, it does tell us something useful (which is a sort super rough cost of living indicator).
- napoleon_thepig 4y agoThe main objective of the big Mac index is not to measure inflation, it's to measure purchase parity power by using the price of something that is available in almost every country and has a very standard quality.
- lukas099 4y agoJust consider the same country at two different points in time as two different countries and the distinction disappears.
- napoleon_thepig 4y agoUnless the country in question only consumes big Macs, using that index as a measure of inflation would be a terrible idea.