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The 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
by napoleon_thepig 4y ago
The 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.