At 8.07 U.S. dollars, Switzerland has the most expensive Big Macs in the world, according to the July 2024 Big Mac index. Concurrently, the cost of a Big Mac was 5.69 dollars in the U.S., and 6.06 U.S. dollars in the Euro area. What is the Big Mac index? The Big Mac index, published by The Economist, is a novel way of measuring whether the market exchange rates for different countries’ currencies are overvalued or undervalued. It does this by measuring each currency against a common standard – the Big Mac hamburger sold by McDonald’s restaurants all over the world. Twice a year the Economist converts the average national price of a Big Mac into U.S. dollars using the exchange rate at that point in time. As a Big Mac is a completely standardized product across the world, the argument goes that it should have the same relative cost in every country. Differences in the cost of a Big Mac expressed as U.S. dollars therefore reflect differences in the purchasing power of each currency. Is the Big Mac index a good measure of purchasing power parity? Purchasing power parity (PPP) is the idea that items should cost the same in different countries, based on the exchange rate at that time. This relationship does not hold in practice. Factors like tax rates, wage regulations, whether components need to be imported, and the level of market competition all contribute to price variations between countries. The Big Mac index does measure this basic point – that one U.S. dollar can buy more in some countries than others. There are more accurate ways to measure differences in PPP though, which convert a larger range of products into their dollar price. Adjusting for PPP can have a massive effect on how we understand a country’s economy. The country with the largest GDP adjusted for PPP is China, but when looking at the unadjusted GDP of different countries, the U.S. has the largest economy.

In 2024, Brazil was the sixth Latin American country where buying a Big Mac was the most expensive. The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. The average price for a Big Mac burger in Brazil was estimated at 4.81 U.S. dollars in January 2024, an increase in price in comparison to the previous year. In the past decade, the Big Mac index in Brazil went below the four dollar threshold in January 2016. Big Mac IndexThe Bic Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power. As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U.S. dollars.The Big Mac, as the top-selling McDonald’s burger, is used for comparison because it is available in almost every country and manufactured in a standardized size, composition and quality. McDonald’s is a worldwide operating fast food restaurant chain with headquarters in Oak Brook, Illinois. In Latin America, McDonald's largest franchisee is Arcos Dorados Holdings, with headquarters in Montevideo, Uruguay.

The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. The average price for a Big Mac burger in Mexico was estimated at 5.19 U.S. dollars in January 2024. Due to the high increases during the last few years, the Big Mac burger price became one of the highest in Latin America.

Big Mac Index

The Bic Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power. As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U.S. dollars. The Big Mac, as the top-selling McDonald’s burger, is used for comparison because it is available in almost every country and manufactured in a standardized size, composition and quality. McDonald’s is a worldwide operating fast food restaurant chain with headquarters in Oak Brook, Illinois. In Latin America, McDonald's largest franchisee is Arcos Dorados Holdings, with headquarters in Montevideo, Uruguay.

Power Purchasing Parity

This conversion endeavor seeks to level the purchasing power disparities among nations by neutralizing price discrepancies. Notably, in Mexico, the Purchasing Power Parity (PPP) has demonstrated a consistent upward trajectory, yielding positive repercussions on the minimum wage for the labor force. This, in turn, has triggered a favorable effect on the affordability of the essential food basket. Furthermore, this upswing has propelled five major Mexican cities into the upper positions of PPP rankings within Latin America. Consequently, Mexico now stands as the 15th largest global economy, a status achieved despite a slight, yet steady, decline in its share of the global GDP, which is adjusted according to PPP metrics.

As of January 2024, Uruguay had the highest Big Mac Index and Guatemala, the lowest, among the Latin American countries measured. The so-called Big Mac Index is regarded as an indicator for the purchasing power of an economy. In Guatemala, it was estimated that a Big Mac would cost an average of 3.71 U.S. dollars, while the average price for a Big Mac burger in Brazil amounted to approximately 4.81 U.S. dollars.

How is the Big Mac Index calculated? The Bic Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power. As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U.S. dollars. The Big Mac, as the top-selling McDonald’s burger, is used for comparison because it is available in almost every country and manufactured in a standardized size, composition and quality.

McDonald's in Latin America McDonald’s is a worldwide operating fast food restaurant chain with headquarters in Oak Brook, Illinois. In Latin America, McDonald's largest franchisee is Arcos Dorados Holdings, with headquarters in Montevideo, Uruguay. Brazil is the largest Latin American market for McDonald's when it comes to the size of the franchise network, as over 1,000 McDonald's restaurants are in operation in the Brazilian territory.

This statistic shows the average working time required to buy one Big Mac in selected cities around the world in 2018. In Nairobi, the average worker had to work for about 133.8 minutes to be able to purchase a Big Mac. The average wages garnered in select countries around the world based on purchasing power can be accessed here.

Additional information on the Big Mac Index

The Big Mac index is a tongue-in-cheek measure of purchasing power parity (PPP) created by The Economist. The index gained global attention among economists and other analysts of global economic conditions due to its relative degree of accuracy in predicting purchasing power parity among countries. In attempting to include wage differentials rankings that seek to measure how fast one can earn the money required to purchase a Big Mac incorporate average wages. In theory, the result should correlate to the ranking of average world wages adjusted for PPP.

The Big Mac index is open to criticism as it is unable to take certain factors that may result in the price of a Big Mac fluctuating between countries. For example, the hospitality industry, including McDonalds, tends to employ large numbers of people on or close to the minimum wage. This is shown by the percentage of workers paid hourly rates with earnings at or below the minimum wage in the U.S., by industry. As a result differing levels of the minimum wage may lead McDonalds to charge a comparably higher amount for a Big Mac in that country.

The average price for a Big Mac burger in Peru was estimated at 4.25 U.S. dollars in January 2024. The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. Buying a Big Mac in Peru is cheaper than, for instance, in neighboring Chile. Big Mac IndexThe Bic Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power. As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U.S. dollars.The Big Mac, as the top-selling McDonald’s burger, is used for comparison because it is available in almost every country and manufactured in a standardized size, composition and quality. McDonald’s is a worldwide operating fast food restaurant chain with headquarters in Oak Brook, Illinois. In Latin America, McDonald's largest franchisee is Arcos Dorados Holdings, with headquarters in Montevideo, Uruguay.

Inflation in Peru After two years of hyperinflation in 1989 and 1990, the inflation rate of Peru slowed down until 2022, following the trend of the global inflation crisis. Nonetheless, the Andean country still ranks in the middle of the table of Latin American countries with the highest inflation rate during that same year and remains with significantly lower price increases than the region’s average. Some sectors are more impacted than others, the category with the highest price increases as of September 2023, were food and non-alcoholic beverages, in contrast, the housing and housing services sector presented a slight deflation during the same period.

The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. The average price for a Big Mac burger in Uruguay was estimated at 7.04 U.S. dollars in January 2024. In comparison to the value registered a year earlier, this represents a considerable increase. In Latin America, Uruguay had the highest price for a Big Mac in 2024. Big Mac IndexThe Bic Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power. As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U.S. dollars.The Big Mac, as the top-selling McDonald’s burger, is used for comparison because it is available in almost every country and manufactured in a standardized size, composition and quality. McDonald’s is a worldwide operating fast food restaurant chain with headquarters in Oak Brook, Illinois. In Latin America, McDonald's largest franchisee is Arcos Dorados Holdings, with headquarters in Montevideo, Uruguay.

The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. In 2024, the average price for a Big Mac burger in Chile was estimated at 4.46 U.S. dollars. Big Mac IndexThe Bic Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power. As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U.S. dollars.The Big Mac, as the top-selling McDonald’s burger, is used for comparison because it is available in almost every country and manufactured in a standardized size, composition, and quality. McDonald’s is a worldwide operating fast food restaurant chain with headquarters in Oak Brook, Illinois. In Latin America, McDonald's largest franchisee is Arcos Dorados Holdings, with headquarters in Montevideo, Uruguay.

Inflation in Chile During 2022, the inflation rate of Chile was 11.25 percent, in general, price increases in the South American country remained low from 2009 to 2021. Nonetheless, with the global inflation crisis in the following years the rate increased significantly. Still, Chile remains with an inflation lower than the Latin America average. Moreover, price increases have been impacting sectors differently, in June 2023, the industry with the highest inter-annual Consumer Price Index (CPI) was alcoholic beverages and tobacco, in contrast, the communications sector recorded a slight deflation.

The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. The average price for a Big Mac burger in Colombia was estimated at 5.09 U.S. dollars in January 2024. Colombia price for a Big Mac is among the four highest in Latin America.

Big Mac Index The Bic Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power. As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U.S. dollars.

The Big Mac, as the top-selling McDonald’s burger, is used for comparison because it is available in almost every country and manufactured in a standardized size, composition and quality. McDonald’s is a worldwide operating fast food restaurant chain with headquarters in Oak Brook, Illinois. In Latin America, McDonald's largest franchisee is Arcos Dorados Holdings, with headquarters in Montevideo, Uruguay.

Inflation in Colombia

Over the past two decades, Colombia has generally seen a decline in the inflation rate, with a small upward trend as of 2023, reaching 11.39 percent. However, there are forecasts indicating a steady decline in the inflation rate for the next five years. In the year 2023, the annual inflation rate has been higher compared to previous years, particularly in the sectors of restaurants and hotels, which recorded an inflation rate of 18.6 percent, and in the basics of the food basket, including food and non-alcoholic beverages, with an inflation rate of 18.47 percent. This has placed Colombia at the seventh position among Latin American countries with the highest annual inflation rate in comparison to previous years as of 2022.

Introduction

McDonald’s Statistics: McDonald's, a global leader in the fast food industry, has been a cornerstone in culinary history since its inception in 1940 in San Bernardino, California. As of 2023, the brand boasts over 41,800 locations worldwide, with its largest market in the United States, where approximately 13,400 restaurants operate.

In Europe, France and the United Kingdom lead with around 1,600 and 1,400 McDonald's respectively, while China dominates the Asia Pacific and Middle East regions in the number of McDonald's locations. Renowned for its Big Mac, which has been used since 1986 in the Economist's Big Mac Index to measure economic purchasing power, McDonald's continues to thrive in a dynamic consumer market. By 2024, McDonald's brand value reached USD 38 billion, securing its position as the second most valuable restaurant brand globally, outpacing competitors like Burger King, KFC, and Subway.

This enduring success is attributed to the company's adaptation to digital trends and consumer preferences, integrating delivery services with platforms like UberEats, DoorDash, and GrubHub. This strategy, part of McDonald's "4Ds" approach—digitalization, delivery, drive-thru, and development—ensures its prominence in the fast food industry continues.

The so-called Big Mac index is regarded as an indicator for the purchasing power of an economy. In Costa Rica, the average price for a Big Mac burger was estimated at 5.71 U.S. dollars in January 2024. Costa Rica price for a Big Mac is among the highest in Latin America, only behind Uruguay. Big Mac IndexThe Bic Mac index has been published annually by The Economist since 1986 and is rated as a simplified indicator of a country’s individual purchasing power. As many countries have different currencies, the standardized Big Mac prices are calculated by converting the average national Big Mac prices with the latest exchange rate to U.S. dollars.The Big Mac, as the top-selling McDonald’s burger, is used for comparison because it is available in almost every country and manufactured in a standardized size, composition and quality. McDonald’s is a worldwide operating fast food restaurant chain with headquarters in Oak Brook, Illinois. In Latin America, McDonald's largest franchisee is Arcos Dorados Holdings, with headquarters in Montevideo, Uruguay.

Inflation in Costa Rica Costa Rica ranks in the middle table of Latin American countries with the highest inflation rates, nonetheless, in the Central American region it’s only behind Honduras. During 2022, the inflation rate of Costa Rica was 8.28, after many years of low rates, the global inflation crisis accelerated the price increases in the country. Some sectors were impacted more heavily than others, in June 2023, the industry with the highest Consumer Price Index (CPI) was food and non-alcoholic beverages, in contrast, the communications sector presented the lowest.

Am teuersten bleibt der Big Mac in der Schweiz - auch im Januar 2025 muss man nach dem sogenannten Big-Mac-Index durchschnittlich rund 7,99 US-Dollar für einen Big Mac in der Schweiz bezahlen und damit mehr als in jedem anderen Land der Welt. Der Preis für einen Big Mac in der Schweiz ist gegenüber dem Preis von Juli 2024 um rund 0,08 US-Dollar gesunken. Wo gibt es den billigsten Big Mac der Welt? In Taiwan ist der Big Mac im Januar 2025 weltweit am günstigsten: Für einen Big Mac müssen Taiwaner:innen im Januar 2025 nur rund 2,38 US-Dollar bezahlen, im Juli 2024 sind es noch rund 0,1 US-Dollar weniger gewesen. In Europa ist der Big Mac in der Ukraine mit rund 2,86 US-Dollar am günstigsten. In der Eurozone muss man im Januar 2025 durchschnittlich 5,95 US-Dollar für einen Big Mac bezahlen und somit rund 11 US-Cent weniger als vor sechs Monaten. Vor dem russischen Überfall auf die Ukraine wurde der weltweit günstigste Big Mac in Russland verkauft. Rund 1,74 US-Dollar mussten Russen im Januar 2022 für einen Big Mac bezahlen, und jetzt? Was kostet ein Big Mac in Russland? Nichts, denn in Russland gibt es seit Mai 2022 keinen Big Mac mehr. McDonald's hat sich im Mai 2022 wegen des völkerrechtswidrigen russischen Überfalls auf die Ukraine komplett aus Russland zurückgezogen und alle Filialen verkauft. Mit Alexander Gowor hat sich aber schnell ein patriotischer kremltreuer Oligarch gefunden, um in dieser Angelegenheit nationaler Tragweite die Filialen sämtlich zu übernehmen und - sozialistisch pragmatisch - unter dem innovativen neuen Namen Wkusno i totschka (lecker und Punkt) wiederzueröffnen. Nur den Big Mac kann man wegen der Markenrechte leider nicht anbieten und somit wird Russland wohl auf absehbare Zeit nicht mehr im Big-Mac-Index vertreten sein. Breaking News - Verkaufsstart der Big-Mac-Kopie in Russland Nach gut 10 Monaten Entwicklungsarbeit hat das Science Lab von Wkusno i totschka bewiesen, was der Forschungsstandort Russland zu leisten vermag und Anfang März den "Big Hit" in seinen "lecker und Punkt-Filialen" eingeführt. Es soll sich um eine "verbesserte" Version des Big Mac handeln, allerdings lassen erste Reaktionen von Kunden darauf schließen, dass dies nicht ganz gelungen ist. Aber zumindest der Preis ist mit 186 Rubel, also derzeit (Februar 2025), mit rund 2,10 US-Dollar lecker und Punkt. Bis zum Rückzug der Konzernmutter McDonald's belegte Russland übrigens mit rund 800 Filialen im Ranking der Länder mit den meisten McDonald's Restaurants den zehnten Platz. Was ist der Big-Mac-Index und wie funktioniert er? Der Big-Mac-Index ist ein leicht verständlicher Indikator, der für den Kaufkraftvergleich von Ländern entwickelt wurde. Dieser Indikator wurde 1986 von der britischen Wochenzeitung „The Economist“ erfunden und wird halbjährlich im Januar und Juli jeden Jahres aktualisiert. Die Idee des Economist war, dass es überall auf der Welt McDonald's gibt und der Big Mac in jeder Filiale des Schnellrestaurants weltweit in standardisierter Größe, Zusammensetzung und Qualität verkauft wird. Der Erfolg des Indikators beruht auf seiner Einfachheit und darauf, dass der Big Mac wie auch McDonald's einen sehr hohen Bekanntheitsgrad haben – jeder hat schon von McDonald's und Big Mac gehört. Es handelt sich also um ein standardisiertes Produkt, das weltweit bekannt ist und konsumiert wird. Für den Preisvergleich wird der Preis für einen Big Mac in der jeweiligen Landeswährung zum aktuellen US-Dollar-Kurs umgerechnet. Je höher der umgerechnete Preis ist, desto höher wird auch die Kaufkraft im jeweiligen Land eingeschätzt. Je niedriger der umgerechnete Big Mac Preis ist, desto geringer wird die jeweilige Kaufkraft im Land eingeschätzt. Preisniveau in der Europäischen Union Zwischen den 27 Mitgliedstaaten der Europäischen Union (EU) gibt es deutliche Unterschiede im Preisniveau, was aus der Angabe des Big-Mac-Index für die Eurozone nicht direkt ersichtlich ist. Der Preisniveauindex für Verbrauchsgüter und Dienstleistungen in der Europäischen Union bietet hingegen einen detaillierten Vergleich. Während die Verbraucherpreise in Dänemark rund 38 Prozent über dem EU-Durchschnitt liegen, muss man in Bulgarien derzeit nur rund halb so viel für Verbrauchsgüter und Dienstleistungen aufwenden.

In 2023, the United States accounted for 15.56 percent of global gross domestic product (GDP) after adjusting for purchasing power parity (PPP). This share was expected to decrease to 14.72 percent by 2029, which is roughly a seventh of the global total. What is PPP? The easiest way to understand purchasing power parity is the Big Mac Index, a measure developed by The Economist. The index tracks the price of the McDonald’s Big Mac burger, sold at each of its thousands of restaurants worldwide. Countries where the Big Mac is most expensive have higher purchasing power, meaning one can buy more for each unit of that currency. To calculate PPP, economists use a group of goods to calculate the ratio of the price of this group in each country. This ratio is then used to convert all countries into a standardized price level, on parity with each other. Why use PPP? A U.S. dollar in the United States does not have the same purchasing power as a dollar in China, even after considering the exchange rate. For this reason, adjusting for PPP gives an idea of what the rest of the world could buy in the United States, if prices were the same as in their home country. However, some economists argue that using PPP for comparisons between countries is inaccurate because it changes the price level differently for each country. Still, because it accounts not only for country-specific effects but also inflation and exchange rate fluctuations, PPP is a very popular metric.

Los países del centro y norte de Europa son los que gozan de mayor poder adquisitivo en el Viejo Continente y son también aquellos donde sus habitantes más pagan por uno de los productos más famosos de McDonald's: el Big Mac. Así, por ejemplo, el precio medio de una hamburguesa Big Mac en Suiza era superior a los ocho dólares estadounidenses en enero de 2024, frente a los menos de tres dólares que le costaba este mismo producto a un consumidor en Egipto o Indonesia. ¿Qué es el Índice Big Mac? El Índice Big Mac lo publica anualmente The Economist desde 1986 y es considerado como un indicador simplificado del poder adquisitivo de un país. Este sistema consiste en comparar los precios de la hamburguesa Big Mac en todos los países donde se comercializa ese producto. Para solventar el problema de la diferencia de divisa, los precios estandarizados de una Big Mac se calculan convirtiendo los precios medios nacionales de una Big Mac a dólares estadounidenses bajo un tipo de cambio determinado. Un McDonald's en cualquier rincón del mundo Se utiliza la hamburguesa Big Mac para establecer la comparación, ya que es uno de los principales productos de McDonald's, que se fabrica bajo los mismos estándares de tamaño, composición y calidad en todos los países donde es comercializado. Desde su fundación en 1948, la cadena de hamburgueserías ha desarrollado una ambiciosa estrategia de expansión presencial y cuenta con más de 41.500 restaurantes en todo el mundo. Tal es el impacto de esta empresa de origen norteamericano, que su valor de marca estimado asciende a más de 221.500 millones de dólares y cerró el año 2023 con unos beneficios netos de más de 8.000 millones.

El índice Big Mac es un indicador basado en el precio de una hamburguesa Big Mac en todo el mundo y refleja el poder adquisitivo de una economía. En 2023, el precio promedio más alto de una Big Mac en América Latina fue de 7,04 dólares estadounidenses, registrado en Uruguay. En la tercera posición se encuentra el país vecino, Argentina, donde el valor de la hamburguesa fue de 5,19 dólares. ¿Cómo se calcula el Índice Big Mac?El índice Big Mac es publicado por The Economist desde 1986 y es un indicador simplificado del poder adquisitivo de un país, ya que se calcula comparando los precios de una hamburguesa Big Mac en una gran cantidad de naciones. Para hacer la comparación, se utiliza la hamburguesa Big Mac, que es uno de los principales productos de McDonald's, porque está disponible en casi todos los países y se fabrica en tamaño, composición y calidad estándares.McDonald's en LatinoaméricaMcDonald’s es una cadena de restaurantes de comida rápida que opera a nivel mundial. En América Latina, McDonald's realiza la mayor parte de sus operaciones bajo la empresa Arcos Dorados Holdings, cuya sede está en Montevideo, Uruguay. El mayor mercado latinoamericano de esta marca es Brasil, donde McDonald's cuenta con una red de alrededor de 1.000 restaurantes.

El índice Big Mac es un indicador basado en el precio de una hamburguesa Big Mac en todo el mundo y refleja el poder adquisitivo de una economía. En enero de 2024, el precio medio de una Big Mac en México alcanzó su valor más alto del período con el precio de 5,19 dólares estadounidenses. Índice Big MacEl índice Big Mac es publicado por The Economist desde 1986 y es un indicador simplificado del poder adquisitivo de un país, ya que se calcula comparando los precios de una hamburguesa Big Mac en una gran cantidad de naciones. Para hacer la comparación, se utiliza la hamburguesa Big Mac, que es uno de los principales productos de McDonald's, porque está disponible en casi todos los países y se fabrica en tamaño, composición y calidad estándares.McDonald’s es una cadena de restaurantes de comida rápida que opera a nivel mundial. En América Latina, McDonald's realiza la mayor parte de sus operaciones bajo la empresa Arcos Dorados Holdings, cuya sede está en Montevideo, Uruguay.

In economics, the inflation rate is a measure of the change in price of a basket of goods. The most common measure being the consumer price index. It is the percentage rate of change in price level over time, and also indicates the rate of decrease in the purchasing power of money. The annual rate of inflation for 2023, was 4.1 percent higher in the United States when compared to the previous year. More information on inflation and the consumer price index can be found on our dedicated topic page. Additionally, the monthly rate of inflation in the United States can be accessed here. Inflation and purchasing power Inflation is a key economic indicator, and gives economists and consumers alike a look at changes in prices in the wider economy. For example, if an average pair of socks costs 100 dollars one year and 105 dollars the following year, the inflation rate is five percent. This means the amount of goods an individual can purchase with a unit of currency has decreased. This concept is often referred to as purchasing power. The data presents the average rate of inflation in a year, whereas the monthly measure of inflation measures the change in prices compared with prices one year ago. For example, monthly inflation in the U.S. reached a peak in June 2022 at 9.1 percent. This means that prices were 9.1 percent higher than they were in June of 2021. The purchasing power is the extent to which a person has available funds to make purchases. The Big Mac Index has been published by The Economist since 1986 and exemplifies purchasing power on a global scale, allowing us to see note the differences between different countries currencies. Switzerland for example, has the most expensive Big Mac in the world, costing consumers 6.71 U.S. dollars as of July 2022, whereas a Big Mac cost 5.15 dollars in the United States, and 4.77 dollars in the Euro area. One of the most important tools in influencing the rate of inflation is interest rates. The Federal Reserve of the United States has the capacity to make changes to the federal interest rate . Changes to the rate of inflation are thought to be an imbalance between supply and demand. After COVID-19 related lockdowns came to an end there was a sudden increase in demand for goods and services with consumers having more funds than usual thanks to reduced spending during lockdown and government funded economic support. Additionally, supply-chain related bottlenecks also due to lockdowns around the world and the Russian invasion of Ukraine meant that there was a decrease in the supply of goods and services. By increasing the interest rate, the Federal Reserve aims to reduce spending, and thus bring demand back into balance with supply.

El índice Big Mac es un indicador basado en el precio de una hamburguesa Big Mac en todo el mundo y refleja el poder adquisitivo de una economía. El precio promedio de una Big Mac en Colombia en enero de 2024 fue de 5,06 dólares estadounidenses, alcanzando su punto más alto Índice Big MacEl índice Big Mac es publicado por The Economist desde 1986 y es un indicador simplificado del poder adquisitivo de un país, ya que se calcula comparando los precios de una hamburguesa Big Mac en una gran cantidad de naciones. Para hacer la comparación, se utiliza la hamburguesa Big Mac, que es uno de los principales productos de McDonald's, porque está disponible en casi todos los países y se fabrica en tamaño, composición y calidad estándares.McDonald’s es una cadena de restaurantes de comida rápida que opera a nivel mundial. En América Latina, McDonald's realiza la mayor parte de sus operaciones bajo la empresa Arcos Dorados Holdings, cuya sede está en Montevideo, Uruguay.

India’s share of global gross domestic product (GDP) rose to 7.93 percent in 2023 when adjusted for purchasing power parity (PPP) and was projected to increase to 9.66 percent by 2029. This reflects the growth of India’s economy, which is helped in this ranking by the low purchasing power of the rupee. The Indian economy A significant portion of India’s economic growth comes from a shift in the workforce from the agricultural sector to the more-productive service sector. This labor force shift is particularly significant in India because of the country’s staggering population figures. As such, changes in the Indian economy have an impact on a significant portion of the world population. What does PPP mean? The Economist magazine uses the Big Mac Index to illustrate purchasing power. Since the product should be the same in every country that has a McDonalds, the Big Mac’s price should reflect the purchasing power of each local currency. For the calculation in this statistic, economists took the prices of several standard goods (though not the Big Mac) and put them at the same level based on their prices in the local currency. Thus, the power of these currencies to purchase was put on par across countries, giving purchasing power parity. As such, this statistic can be interpreted as the relative size of the Indian economy if the whole world used the Indian rupee price levels.

El índice Big Mac es un indicador basado en el precio de una hamburguesa Big Mac en todo el mundo y refleja el poder adquisitivo de una economía. En enero de 2024, el precio medio de un Big Mac en Argentina fue de 5,19 dólares estadounidenses, más del doble del valor registrado hace cuatro años atras. Índice Big MacEl índice Big Mac es publicado por The Economist desde 1986 y es un indicador simplificado del poder adquisitivo de un país, ya que se calcula comparando los precios de una hamburguesa Big Mac en una gran cantidad de naciones. Para hacer la comparación, se utiliza la hamburguesa Big Mac, que es uno de los principales productos de McDonald's, porque está disponible en casi todos los países y se fabrica en tamaño, composición y calidad estándares.McDonald’s es una cadena de restaurantes de comida rápida que opera a nivel mundial. En América Latina, McDonald's realiza la mayor parte de sus operaciones bajo la empresa Arcos Dorados Holdings, cuya sede está en Montevideo, Uruguay.