The “Big Mac Index” was devised in September 1986 by The Economist as an indicator of purchasing-power parity, by comparing the prices of hamburgers in different countries.
As the graph showing comparisons from 2007 and 2012 shows, the comparative price of a Big Mac has risen at a fairly similar rate in most countries over the past five years, except for the UK – which has seen a comparative drop in price against the others.
Big Macs became so expensive in Iceland during the last decade that McDonald’s closed all its outlets there in...2009
McDonald’s popularity in Turkey led it to announce 31 new outlets there in 2010, to add to its existing...134
Comments
Post new comment