Kevin Harrington

Tag: Big Mac Index

  • Mars Bar Index Dead: UK Inflation’s Lost Chocolate Compass

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    Discover why the Mars bar inflation index no longer works, and explore modern alternatives like the Big Mac Index for tracking UK inflation effectively.

    Written by

    Kevin Harrington
    Mars Bar Index Dead: UK Inflation’s Lost Chocolate Compass

  • Big Mac Index

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    The British pound is 12.9% undervalued against the US dollar. A Big Mac costs £3.79 in Britain and US$5.36 in the United States. The implied exchange rate is 0.71. The difference between this and the actual exchange rate, 0.81, suggests the British pound is 12.9% undervalued. I was reminded of the Big Mac Index during a call with some of my colleagues, and this information is from The Economist’s Big Mac Index and the latest data is January…

    Written by

    Kevin Harrington
    Big-Mac-index