Free hit counter

Ok

By continuing your visit to this site, you accept the use of cookies. These ensure the smooth running of our services. Learn more.

05/04/2012

About the cost of a Big Mac

 “The Economist’s Big Mac index is based on the theory of purchasing-power parity: that, in the long run, exchange rates should adjust to equal the price of a basket of goods and services in different countries. Our basket consists of one McDonald’s Big Mac, and we’ve compared it with the average price in America, $4.20. According to our burgernomics, the Swiss franc is 62% overvalued: the exchange rate that would equalise the price of a Swiss Big Mac with an American one is 1.55 francs to the dollar; the actual exchange rate is only 0.96. The cheapest burger is found in India, where it costs just $1.62. Big Macs aren’t sold in India, so we’ve taken the price of a Mac Maharaja, made with chicken instead of beef.“

 I personally find it a bit surprising since I eat lunch everyday for 60 rupees (about $1.14) and I have rice, vegetable, dal (lens soup) and 4 chapatis (bread).

 And when I get a Filet-o-Fish meal it costs me 250 rupees…

  Source: http://www.economist.com/blogs/graphicdetail/2012/01/dail...

image001.JPG


 

The comments are closed.