The Big Mac Index may sound like some punchline for a joke. In fact, it is actually a very ingenious way of measuring Purchasing Power Parity. The Big Mac Index was developed by The Economist, the respected international affairs weekly magazine. Purchasing Power Parity (PPE) sounds complicated. It is actually the measure between two currencies and deals with exchange-rate … [Read more...] about How “The Big Mac Index” Measures Real Inflation