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The Economist Big Mac index, July 2012

United States‡
Argentina
Australia
Brazil
Britain
Canada
Chile
China**
Colombia
Costa Rica
Czech Republic
Denmark
Egypt
Euro area††
Hong Kong
Hungary
India***
Indonesia
Israel
Japan
Latvia
Lithuania
Malaysia
Mexico
New Zealand
Norway
Pakistan
Philippines
Poland
Russia
Saudi Arabia
Singapore
South Africa
South Korea
Sri Lanka
Sweden
Switzerland
Taiwan
Thailand
Turkey
UAE
Ukraine
Uruguay
Venezuela

$
Peso
A$
Real
£
C$
Peso
Yuan
Peso
Colones
Koruna
DK
Pound

HK$
Forint
Rupee
Rupiah
Shekel
Yen
Lats
Litas
Ringgit
Peso
NZ$
Kroner
Rupee
Peso
Zloty
Rouble
riyal
S$
Rand
Won
Rupee
SKr
SFr
NT$
Baht
lira
Dirhams
Hryvnia
Peso
Bolivar

Implied
PPP†
of the
dollar
Big Mac prices
Big Mac
in local
prices
currency
in dollars*
Actual
dollar
Under(-)/over(+)
exchange rate, valuation
July 25th against
2012 the dollar, %
4.33
4.33
19
4.16
4.39
4.57
-4
4.56
4.68
1.05
0.97
8
10.08
4.94
2.33
2.04
14
2.69
4.16 1.61§
1.55§
-4
3.89
3.82
0.90
1.02
-12
2050
4.16
473.71
493.05
-4
15.65
2.45
3.62
6.39
-43
8600
4.77 1987.29 1804.48
10
1200
2.40
277.30
501.02
-45
70.33
3.34
16.25
21.05
-23
28.5
4.65
6.59
6.14
7
16
2.64
3.70
6.07
-39
3.58
4.34 1.21§§
1.21§§
0
16.50
2.13
3.81
7.76
-51
830
3.48
191.80
238.22
-19
89
1.58
20.57
56.17
-63
24200
2.55
5592 9482.50
-41
11.9
2.92
2.75
4.08
-33
320
4.09
73.95
78.22
-5
1.69
2.94
0.39
0.57
-32
7.8
2.74
1.80
2.85
-37
7.4
2.33
1.71
3.17
-46
37
2.70
8.55
13.69
-38
5.1
4.00
1.18
1.27
-7
43
7.06
9.94
6.09
63
285
3.01
65.86
94.61
-30
118
2.80
27.27
42.20
-35
9.1
2.63
2.10
3.46
-39
75
2.29
17.33
32.77
-47
10
2.67
2.31
3.75
-38
4.40
3.50
1.02
1.26
-19
19.95
2.36
4.61
8.47
-46
3700
3.21
855.00 1151.00
-26
290
2.21
67.01
131.00
-49
48.4
6.94
11.18
6.98
60
6.5
6.56
1.50
0.99
52
75
2.48
17.33
30.20
-43
82
2.59
18.95
31.70
-40
8.25
4.52
1.91
1.83
4
12
3.27
2.77
3.67
-25
15
1.86
3.47
8.09
-57
99
4.53
22.88
21.87
5
34
7.92
7.86
4.29
83

*At market exchange rate (July 25th 2012)
†Purchasing-price parity; local price divided by price in United States
‡Average of four cities
§Dollars per pound

**Average of five cities
††Weighted average of prices in euro area
§§Dollars per euro
***Maharaja Mac

ation against the dollar, %