Editing Big Mac Index (section)

{{short description|Economic index published by The Economist}}
{{pp-sock|small=yes}}
[[File:01 The-Price-of-McDonalds-Big-Mac World-Map.png|thumb|Big Mac index, November 2022|350px]]
{{Use dmy dates|date=December 2019}}

The '''Big Mac Index''' is a [[price index]] published since 1986 by ''[[The Economist]]'' as an informal way of measuring the [[purchasing power parity]] (PPP) between two [[currency|currencies]] and providing a test of the extent to which market [[exchange rate]]s result in goods costing the same in different countries. It "seeks to make exchange-rate theory a bit more digestible."<ref>{{cite news|url=http://www.economist.com/node/159859|title=Big MacCurrencies|newspaper=The Economist|date=9 April 1998|access-date=27 November 2013|archive-date=27 December 2017|archive-url=https://web.archive.org/web/20171227100228/http://www.economist.com/node/159859|url-status=live}}</ref> The [[Index (economics)|index]] compares the relative price worldwide to purchase the [[Big Mac]], the flagship [[hamburger]] sold at [[McDonald's]] restaurants.