Editing Purchasing power parity (section)

====KFC Index====
{{Main|KFC Index}}

Similar to the [[Big Mac Index]], the [[KFC Index]] measures PPP with a basket that contains a single item:  a [[KFC]] Original 12/15 pc. bucket. The Big Mac Index cannot be used for most countries in Africa because most do not have a McDonald's restaurant.  Thus, the KFC Index was created by Sagaci Research (a [[market research]] firm focusing solely on Africa) to identify over- and under-valued currencies in Africa.

For example, the average price of KFC's Original 12 pc. Bucket in the United States in January 2016 was $20.50; while in Namibia it was only $13.40 at market exchange rates. Therefore, the index states the Namibian dollar was undervalued by 33% at that time.