Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Prices seem to be in $ instead of purchasing power. So not really meaningful, except insofar as it indicates where someone buying with $ would find the cheapest.


"Prices seem to be in $ instead of purchasing power. So not really meaningful, except insofar as it indicates where someone buying with $ would find the cheapest."

I decided to use the Big Mac Index to satisfy your hunger for knowledge (pardon the pun) to figure out purchasing power.

Appropriate Links at the end of the comment. As with my above comment regarding street prices here in AU - it is assumed that the prices are in the local currency, so these figures represent local currencies.

  US - 27.17 big macs
  Canada - 23.71 big macs
  New Zealand - 63.67 big macs
  Australia - 82.61 big macs
http://en.wikipedia.org/wiki/Big_Mac_Index

http://www.economist.com/businessfinance/displayStory.cfm?st...


With those figures, I think cocaine is a healthier option


Are you using the straight Big Mac Index, or the Working-time Big Mac Index?


I guess the straight one. Otherwise he would have given the figure in hours not Big Macs.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: