The Big Mac index: Singapore

Macro

2026-03-02

Description

The big mac index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services (in this case, a burger) in any two countries.

Published by
The Economist
Frequency
Aperiodically
Next Update
Hashtags
Big Mac index PPP

AI Data Insight

In the first quarter of 2026, the Big Mac Index climbed to 5.7834 USD, a substantial 6.9% increase from the previous value of 5.409, setting a historic high. This upward trend benefited primarily from the Singapore dollar strengthening against the US dollar to the 1.28 range, as well as the price rigidity in the food and beverage sector against the backdrop of MAS revising its 2026 core inflation forecast upward to 1-2%.

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AI Data Insight

In the first quarter of 2026, the Big Mac Index climbed to 5.7834 USD, a substantial 6.9% increase from the previous value of 5.409, setting a historic high. This upward trend benefited primarily from the Singapore dollar strengthening against the US dollar to the 1.28 range, as well as the price rigidity in the food and beverage sector against the backdrop of MAS revising its 2026 core inflation forecast upward to 1-2%.

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Macro
Description

The big mac index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that in the long run exchange rates should move towards the rate that would equalise the prices of an identical basket of goods and services (in this case, a burger) in any two countries.

Published by
The Economist
Frequency
Aperiodically
Next Update
Hashtags
Big Mac index PPP