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The Big Mac Index uses the humble burger to decode global currency shifts and hidden price pressures. It’s economic theory served with a clever side of insight. By Stacey Leasca Published on May ...

The index refers to using McDonalds' ever-popular Big Mac as a basis for comparing prices in different countries without being affected by short-term fluctuations in exchange rates.

In 2000, the Big Mac was $2.24, according to The Economist’s Big Mac Index and consistently increased in price throughout the decade. In March 2002, it was $2.35.

To calculate the Big Mac Index, you can take the price of a Big Mac in one country and divide it by the cost in another country. This ratio should be the same as the exchange rate between the two ...

To calculate the Big Mac Index, you can take the price of a Big Mac in one country and divide it by the cost in another country. This ratio should be the same as the exchange rate between the two ...