We can get the most latte for our loot in Cairo. At the equivalent of $1.53, a Cairo tall latte is close to one-half the $3.45 price of one in the U.S. On the other hand, a tall latte in Zurich…
More than a list of hamburger prices, the Big Mac Index provides an easy way to see which currencies are undervalued and overvalued.
Our weekly roundup includes how economics connected Venezuelan oil and beer, Russian taxes and vodka, Broadway and the $10 bill and moving and jobs.
In addition to electricity, water, pharmaceuticals and supermarket items, Venezuela will soon have a beer shortage because of its foreign exchange policy.
Our weekly roundup includes the tennis gender pay gap and toilet gap, free trade and individual businesses, and the purchasing power of the minimum wage.
Our weekly roundup includes how productivity affects music industry writers, the surprising impact of cheap oil and how tech shapes what the superrich earn.
Showing the purchasing power of different currencies and under-and overvaluation, the Big Mac Index can provide an understanding of the yuan devaluation.