![]() ![]() It has wide consumption across the population (and globe). Well in part because it is a stable product that doesn’t change over time. Why the Big Mac and what is the Big Mac Index? To inform this debate, I looked at the historic prices of the Big Mac over time and compared them to CPI. Has inflation actually been higher than CPI would suggest? There are many who think this is the case. Yet, the question I wanted to explore is this. Consensus is gathering that inflation is not “transitory” and is in fact structural. ![]() The latest print on the US Consumer Price Index (CPI) was 6.2%. And rightly so.Īfter decades of a ‘low’ inflationary environment, headline numbers are picking up. Inflation has become a hot topic recently. ![]()
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