The Big Mac index: Uruguay

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, Uruguay's Big Mac Index soared to $8.7577, a significant increase of 12.4% from the previous reading and setting a new historical high. This data reflects that, against a backdrop of moderate inflation, the strong appreciation of the Uruguayan Peso (UYU) has caused the local cost of living in USD terms to rise significantly, keeping it at the top of the global currency overvaluation rankings.

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AI Data Insight

In the first quarter of 2026, Uruguay's Big Mac Index soared to $8.7577, a significant increase of 12.4% from the previous reading and setting a new historical high. This data reflects that, against a backdrop of moderate inflation, the strong appreciation of the Uruguayan Peso (UYU) has caused the local cost of living in USD terms to rise significantly, keeping it at the top of the global currency overvaluation rankings.

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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