Big Mac Index is one of those age old modern gauge to describe how world affordability is divided.
Obviously as an index, the reference is set on a particular country. With the one published on economist, it has been set to be reference against United States. So where do Malaysia sit in the whole scheme of things?
Not bad I must say. We are very much cheaper than a lot of places in ASEAN. In fact, in the world we are considered damn cheap. Though honestly, looking at the Mcdonald’s prices in Malaysia – I must say the price is kind of expensive!
To play around – go ahead to this site..
http://www.economist.com/content/big-mac-index