Unlike inflation measured in local currency, this indicator reflects how certain goods and services become more expensive even when compared to international values, even in periods of relative exchange rate stability. Argentina ranking second in the global Big Mac index — a standardized and comparable product worldwide — indicates that internal prices measured in dollars are at high levels. For analysts, this misalignment between prices and income helps explain consumption difficulties and exposes the pending challenges to order relative prices, recover competitiveness, and restore purchasing power.
Ranking of the World's Most Expensive Big Macs This list is based on the Big Mac price expressed in dollars and ranks countries according to the final value of the product. Persistently high prices in dollars condition consumption, erode purchasing power, and expose the limits of an economy that still faces difficulties in ordering its relative prices and recovering competitiveness in the international scenario.
According to a recent ranking, the classic combo from the fast-food chain is expensive in the country and ranks among the most expensive in the world, demonstrating the peso's exchange rate lag compared to other economies. According to this list, which is often used as a informal reference to compare purchasing power and price levels between countries, the cost of the Big Mac in Argentina is higher than that of more developed economies like the United States, United Kingdom, Italy, Norway, or Sweden.
The data is striking when considering that the local average salary measured in dollars is far below that of those countries. As learned by the Argentine News Agency, the cost of the Big Mac in Argentina is $7.37, placing it as the second highest in the world, only behind Switzerland, where it reaches $7.99, a country that historically has a high cost of living.
Big Mac Index: how much the combo costs in dollars in Argentina. Buenos Aires, January 19 (NA) — The price of the Big Mac in Argentina has once again become the center of international economic analysis. In this context, Argentina appears in second place worldwide, only behind Switzerland, and above developed economies and high-income countries.
🇨🇭 Switzerland: $7.99 🇦🇷 Argentina: $7.37 🇺🇾 Uruguay: $6.91 🇳🇴 Norway: $6.67 🇮🇹 Italy: $6.42 🇨🇷 Costa Rica: $5.90 🇺🇸 United States: $5.79 🇬🇧 United Kingdom: $5.73 🇸🇪 Sweden: $5.67 🇩🇰 Denmark: $5.64
Beyond the curiosity of the ranking, the data again reflects a deep-rooted problem. In this context, the ranking once again puts the concept of dollar-denominated inflation on the agenda, a phenomenon that has consolidated in the Argentine economy in recent years.
