Truflation expands independent Big Mac Inflation Tracker

Truflation expands its Big Mac Index to 15 more countries, providing a broader global perspective on inflation and purchasing power. Discover how this real-time economic tool now provides better insights for economists, analysts and policymakers.

Truflation, a leading provider of real-time financial data, has expanded its Big Mac Index to cover an additional 15 countries. This wider reach enhances this globally recognized economic tool, originally developed to measure currency valuation and purchasing power parity (PPP). Initially available for the United States and the United Kingdom, the Truflation Big Mac Index now includes Argentina, Australia, Brazil, Canada, Switzerland, Hong Kong, India, Japan, Turkey, South Africa, Mexico, Germany, Italy, France and Spain.

The index provides historical data since 2010 and is updated daily to reflect Truflation's Consumer Price Index (CPI). These updates provide a more accurate, dynamic view of economic conditions in different regions, making the index a valuable resource for economists, analysts and policymakers.

The global reach of the Big Mac Index

The Big Mac Index was first introduced by The Economist 1986 as a simple and easy-to-understand way to explain the concept of purchasing power parity (PPP). “With over 38,000 McDonald's stores in more than 100 countries, the Big Mac has become a cultural icon and an economic indicator. Millions of Big Macs are sold every day, making it a good and accessible way to measure inflation. This is another step to further democratize the world of finance by making it accessible to everyone,” says Stefan Rust, CEO of Truflation.

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Economic insights from the Big Mac Index

The Truflation Big Mac Index highlights several important economic indicators:

– Inflation and purchasing power: Changes in the Big Mac price may indicate inflationary trends that reflect rising input costs such as labor and ingredients.

– Income differences: Comparing the affordability of a Big Mac to average income highlights economic inequality both within and between countries.

– Consumer confidence: Fluctuations in the price of the Big Mac are often associated with changes in consumer confidence and spending habits.

– Supply chain dynamics: Big Mac prices reflect global supply chain factors, including raw material costs, exchange rates and trade policies.

– Cultural and social trends: Beyond economics, the index provides insights into consumer preferences, eating habits and the impact of globalization on local cultures.

outlook

As Truflation continues to enhance its range of economic indicators, the expansion of the Big Mac Index to more countries is an important step towards providing comprehensive, real-time economic insights. This growth strengthens the ability of analysts and policymakers to more effectively monitor and respond to global economic trends. For more details on the Truflation Big Mac Index and other economic tools, visit Truflation's website.

About Truflation

Powered by Coinbase and Chainlink, Truflation is a trusted Definite Reference Point (DRP) for accurate economic data, driving the tokenization of real world assets with its transparent, real-time financial data. With an index that tracks over 18 million items, Truflation provides censorship-resistant data through its Truflation Stream Network, driving the advancement of the DeFi economy. This data infrastructure supports decentralized applications (dApps) and enables a wide range of markets. From predicting commodity prices like orange juice and uranium to enabling BTC-denominated oil, gas, and corn markets, Truflation is paving the way for a new era of the Web3 economy.