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The Big Mac Index.

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.
2012 equivalent in US dollars/2007 equivalent in US dollars

 2007 price $ 2012 price $

Argentina $2.67 $4.64

Australia $2.95 $4.94

Brazil $3.61 $5.68

Canada $3.68 $4.63

Chile $2.97 $4.05

China $1.45 $2.44

Denmark $5.08 $5.37

Japan $2.29 $4.16

Sweden $4.86 $5.91

Switzerland $5.20 $6.81

USA $3.41 $4.20

UK $4.01 $3.82

Note: Table made from bar graph.

Big Macs became so expensive in Iceland during the last decade that McDonald's closed all its outlets there in ...



McDonald's popularity In Turkey led it to announce 31 new outlets there in 2010, to add to its existing.


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Title Annotation:Prime number
Publication:Financial Management (UK)
Date:Mar 1, 2012
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