![cost of a big mac in 2009 cost of a big mac in 2009](http://2.bp.blogspot.com/-JpJfGQ40LRs/VqBAVv0AUxI/AAAAAAAACe4/JAFp-1O4msU/s1600/8f54a394d.jpg)
Fresh produce prices can rise and fall depending on the season, but we still include them with the hope that it will contribute to the information in the long term.ĥ. This is not a super scientific method but we still believe it can show some of the basic effects of inflation on prices in the long term.Ĥ.
![cost of a big mac in 2009 cost of a big mac in 2009](https://www.eatthis.com/wp-content/uploads/sites/4/2019/02/mcdonalds-big-mac-meal.jpg)
#Cost of a big mac in 2009 update#
We have taken food prices from our local Wal-Mart and try to update every few months when we have the time. We have also noticed that the bag of Sugar has been reduced from the traditional 5 Lbs. Most notable was the weights of Coffee and Laundry detergent. Some manufacturers change the weight of items which makes it more difficult to reflect real price changes. Our basket shows an increase from January 2020 to December 2021, this not surprising considering the price of gas and the overall cost of goods has increased due to strain on the global supply chain during the Covid-19 pandemic.Ģ. Price Basket Consist of the following January 2021 Prices Bread (Sara Lee White Bread) - $ 2.54 - Potatoes (Russet) - 39¢ cents per LB - Milk Prairie Farms - $4.77 - Bacon (Hormel 16 oz) - $6.48 - Dozen Eggs (Walmart Brand Regular) - $1.63 - Coke (24 pack can) - $8.98 - Water (12 pk Ice Mountain) - $2.98 - Tomatoes (LB Roma) - 98¢ - Butter (15 oz Can't Believe It's Not Butter) - $2.98 - Cornflakes (18 oz) - $3.28 - Pizza (Jacks Pepperoni) - $2.98 - Sugar (4 LB) - $2.08 - Flour (5 LB) - $1.56 - Ground Beef (LB Lean) - $5.96 - Tide Powder (5.93 LB) - $12.96 - Folgers Classic Roast (Sizes - 1 LB 14.5 OZ) - $7.56 - Green Grapes (LB) - $1.48 - Toilet Paper Rolls (Scott 4 pk) - $4.00 - Chicken Soup (Cream of Chicken Campbells 10.5 oz) - 94 cents - 1 Gallon of Gas $3.28ġ. You can find below a more detailed list of what we included and the dates and locations prices gathered from Our Price Basket - or Cost Of Living ( Inflation ) 2008 - 2021 See here for more information about previous years of the Big Mac index.Our basket is representative of the goods and services we all use and buy, obviously different people spend different amounts and buy different types from what we use to calculate the basket, but overall, we believe the products provide an example of a typical cart that allows us to measure on a yearly basis. The Big Mac also is not durable and can hardly be traded across borders. These costs are not easily arbitraged across borders and tend to be lower in poorer countries. The cost of the Big Mac hamburger depends a lot on local inputs, such as rent and wages. Remember, quick conclusions should not be drawn from fast-food prices as they do not reflect variables of the broad economics. You can see that the Swiss franc remains one of the world’s dearest currencies ($5.60). The euro is almost 25% overvalued on the burger gauge. On the other hand, the Big Mac is very expensive in Norway ($5.79) and overall in the Eurozone ($4.38). You can see that Asian currencies, such as the Thai Baht ($1.77) and Malaysia Ringgit ($1.52) are valued similarly. A Big Mac costs 16,95 rand in South Africa, which is $1.66 at today’s exchange rate which is roughly half its price in the United States ($3.54). The dollar buys the most Big Mac hamburger in South Africa. Comparing actual exchange rates with PPPs indicates whether a currency is undervalued or overvalued.
![cost of a big mac in 2009 cost of a big mac in 2009](https://thecounter.org/wp-content/uploads/2018/05/mcdonalds-reduce-greenhouse-gas-emissions-hamburger.png)
The Big Mac purchasing power parity is the exchange rate that would mean hamburgers cost the same in the USA as everywhere else. The exchange rate that leaves a Big Mac costing the same in dollars everywhere is perceived by some a fair-value benchmark. The Big Mac 2009 index uses just one item in place of a range of products - that is the Big Mac hamburger which is sold worldwide in about 120 countries. The theory of purchasing-power parity says that exchange rates should equalize the price of a basket of goods in each country. The Big Mac index 2009 is based on the theory of purchasing-power parity (PPP).