Posts Tagged ‘purchasing power parity’

  • Everyday economics and how prices differ in the U.S.

    Why Starbucks Coffee Costs More in California

    Jul 13, 15 • 135 Views • 1 Comment

    When Starbucks says it's raising prices, the increases depend on the U.S. location because of the difference in purchasing power parity......  [read more]

  • Everyday Economics — Oil stories

    Hamburger Economics

    Aug 3, 14 • 766 Views • No Comments

    Our Sunday Charts The 2014 Big Mac Index is out and not much has changed. Norway’s Big Macs are most expensive and Chinese Big Macs are cheap. As The Economist explains, starting in 1986, they wanted to take a lighthearted look at whether currencies......  [read more]

  • Everyday economics and Shake Shack

    Purchasing Power

    Feb 22, 13 • 718 Views • 1 Comment

    The Big Mac Index is out again and not much has changed. Norway’s Big Macs are expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us about purchasing power? Starting with an average U.S. price of $4.37, we can determine whether other......  [read more]

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    Burgernomics

    Jul 25, 10 • 489 Views • No Comments

    The Big Mac Index is out again. Not much has changed. Norway’s Big Macs are most expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us? Starting with an average U.S. price of $3.73 (based on 4 cities), we can determine whether......  [read more]

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    Hamburger Economics

    Mar 22, 10 • 1282 Views • 1 Comment

    When U.S. senators consider whether to respond to an undervalued Yuan, they can check the most recent Big Mac Index.  Big Macs are 49% cheaper in China than in the U.S. According to The Economist, we would pay $3.58 for a Big Mac here and the......  [read more]