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17515Big Mac Index

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  • Martin Votruba
    Feb 2, 2007
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      The Economist has published its annual Big Mac Index that compares its
      price in a variety of countries, which may be indicative of how
      overvalued or undervalued their currencies are. In practice, it may
      hint at how much cheaper or more expensive the country is for an
      American traveler than living at home. Here are the Central European
      countries (a minus means "that much cheaper," a plus = more expensive):

      Switzerland +57%
      Germany +19%
      Austria +19%
      Hungary -7%
      Czech R. -25%
      Poland -29%
      Slovakia -34%

      The index says nothing, however, about how well off the inhabitants of
      that country are (for instance, the Slovaks' purchasing power is
      higher than that of the Poles, the Hungarians' lower than the Czechs').


      votruba "at" pitt "dot" edu