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I think the big mac index is far more accurate gauge of inflation than the B(L)S numbers published by the government. https://www.stlouisfed.org/on-the-economy
by petermcneeley 1y ago
I think the big mac index is far more accurate gauge of inflation than the B(L)S numbers published by the government.
https://www.stlouisfed.org/on-the-economy/2024/apr/how-big-mac-index-relates-overall-consumer-inflation https://www.stlouisfed.org/on-the-economy/2024/apr/how-big-m...
- zeroonetwothree 1y agoUnless you primarily spend your money on Big Macs (in which case you have bigger problems) I don’t see how that’s true.
- huhtenberg 1y agoBy the same metric, but using Arizona Iced Tea, there was no inflation for ages.
- petermcneeley 1y agoI dont mean to contradict myself but big mac index also doesnt show the true inflation either. This is because it should be easier to make a big make in 2025 than in 1995 due to automation.
- huhtenberg 1y ago... and the need for actual beef :)
- kristianp 1y agoHave big macs shrunken over time? They never seemed very large.