The main objective of the big Mac index is not to measure inflation, it's to mea... | Hacker News

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

napoleon_thepig on Nov 10, 2022 | parent | context | favorite | on: US annual inflation declines to 7.7% in October vs...

The main objective of the big Mac index is not to measure inflation, it's to measure purchase parity power by using the price of something that is available in almost every country and has a very standard quality.

lukas099 on Nov 10, 2022 [–]

Just consider the same country at two different points in time as two different countries and the distinction disappears.

napoleon_thepig on Nov 10, 2022 | [–]

Unless the country in question only consumes big Macs, using that index as a measure of inflation would be a terrible idea.

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