When the Economist created the Big Mac Index in an effort to compare the purchasing power parity (PPP) between countries, many in the business world laughed. When they realized that the commodity is one that is universally consumed (literally) and offered great insights into the state of the various economies across the globe, most stopped laughing and started paying attention.
The most recent comparison below comes at a time just before the downgrade of credit status for the United States. How will it look in the near future? For Americans, probably worse. At least for now, our Big Mac still holds its own versus other Big Macs around the world.
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