Big Mac Index: Tracking Inflation
Naturally, most of us probably gauge inflation on the cost of a Big Mac right? So let’s have a look.
A Big Mac cost about $3.70 in 2019 and now, in 2024, costs around $4.60.
For those of you not using the Big Mac Scale:
The Consumer Price Index (CPI) was 256.558 in July 2019 and is now 314.54.
The median home price was $284k in July 2019 and has risen to $440k in July 2024.
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#BigMacIndex #Inflation #CostOfLiving #ConsumerPriceIndex #CPI #HomePrices #RealEstateTrends #PriceIncrease #EconomicIndicators #BigMacCost #InflationTracking #HomePriceGrowth
Sources:
Google Finance
NAR
Trading Economics
Statista.com
ycharts.com
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