Retail food costs, California gold miners See also: How much did Americans spend on food?. 568-567).]įamily food expenditures, The American and His Food/ Of Cincinnati Wholesale Commodity Prices 1824-1860 (p. Senior Berry 1943 [NOTE: This book offers dozens of price charts, including seasonal variations Median annual prices for 14 leading commodities, Western Prices Before 1861/Thomas Monthly prices also available 1762 sample. Currency is expressed in Pennsylvania shillings. Selected commodities in Philadelphia (bread, ship's bread, corn, rice, pork, flour, beef, salt, sugar, molasses, Not comparable to modern supermarket prices.
Food units are generally for large quantities, The Value of a Dollar: Colonial Era to the Civil War, pricesĮxtracted from advertisements, newspapers, commodities listings, and personal inventories.Įarliest prices are expressed in pence/colonial scrip. HISTORICAL USA RETAIL FOOD PRICES: SOURCES, SURVEYS & DATA
#BIG MAC INDEX US PRICE HISTORY HOW TO#
How to find the equation of a quadratic function from its graph (82).How do you find exact values for the sine of all angles? (102).Notify me of followup comments via e-mail * E-Mail (required - will not be published) at 5:37 am [ Comment This search will tell you! How much is big mac in israel in us dollars One thing I notice is that when currencies move in one direction, retailers put up their prices quickly, but when currencies move the other way, prices are remarkably slow to go down.Īnybody else got some local Big Mac price knowledge to share? So the UK Big Mac is more than twice the price (rough equivalent of 420 yen) for exactly the same thing.Ĭurrencies are very unstable across the world currently (since late 2007). Rough it may be, but it is valuable in determining the relative value of currencies.Ī Big Mac in Japan now costs just 200yen. is only a rough guide, because its price reflects non-tradable elements such as rent and labour. The article has the following disclaimer: So it means my sister-in-law will be forking out around 50% more of her Australian dollars than she would for similar items in Australia. The rates as per Feb 2007 indicate that a Big Mac in Australia costs US$2.67. Our basket is a burger: a McDonald’s Big Mac. The Economist’s Big Mac index is based on the theory of purchasing-power parity (PPP), according to which exchange rates should adjust to equalise the price of a basket of goods and services around the world. I told her about the Big Mac index, which The Economist magazine suggests is a way to compare the actual value of currencies. She asked a good question: "How much does one British Pound buy, anyway? How does it compare with the Australian dollar (currently worth about 41p, or 0.41 pounds)?" My sister-in-law is on her way to the UK.