Truflation Expands Big Mac Index to 15 More Countries, Enhancing Global Economic Insights

Truflation, a leading provider of real-time economic data, has expanded its Big Mac Index to include 15 additional countries, covering regions such as Europe, Asia, and others. Previously, this index covered only the US and UK. Now it includes Argentina, Australia, Brazil, Canada, Switzerland, Hong Kong, India, Japan, Turkey, South Africa, Mexico, Germany, Italy, France, and Spain. This expanded index provides a more comprehensive view of global economic conditions, leveraging daily updates from Truflation’s proprietary Consumer Price Index (CPI) database. Created by The Economist in 1986, the Big Mac Index uses the price of a Big Mac to understand inflation and Purchasing Power Parity (PPP). Truflation’s CEO, Stefan Rust, emphasized that this tool democratizes economic data, making it accessible and understandable. It also reflects local economic conditions, labor costs, and consumer confidence, while tracking broader indicators such as global supply chain dynamics and societal trends.
Neutral
The expansion of Truflation’s Big Mac Index offers more comprehensive global economic data, which can aid traders in making informed decisions. However, the news itself does not directly influence cryptocurrency prices or market dynamics in a significant way, thus its impact is neutral.