The Big Mac index: Ukraine

Macro

2026-09-01

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, Ukraine's Big Mac Index rose to $3.1946, up from $3.1553 in the third quarter of 2025. Although the hryvnia (UAH) remains significantly undervalued against the US dollar, local burger prices in dollar terms have continued an upward trend, driven by rising wages due to domestic labor shortages and soaring energy costs. This highlights the tug-of-war between inflationary resilience under a wartime economy and the central bank's exchange rate stabilization operations.

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AI Data Insight

In the first quarter of 2026, Ukraine's Big Mac Index rose to $3.1946, up from $3.1553 in the third quarter of 2025. Although the hryvnia (UAH) remains significantly undervalued against the US dollar, local burger prices in dollar terms have continued an upward trend, driven by rising wages due to domestic labor shortages and soaring energy costs. This highlights the tug-of-war between inflationary resilience under a wartime economy and the central bank's exchange rate stabilization operations.

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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