by The Economist magazine’s 6-monthly Big Mac index shows the Swiss franc to be even more overvalued than it was in January 2017. © Pamela Mcadams The index, which compares the US$ price of a Big Mac around the world places Switzerland at the top with a price of US$ 6.74. This is 27.2% more expensive than the United States where the same burger costs US$ 5.30. In January 2017, the same burger in Switzerland cost US$ 6.35 and US$ 5.06 in the US making the Swiss one 25.5% more pricey. The cheapest burgers are still found in Egypt where they are now 69% cheaper than in the US. Cross-border burger shopping still offers savings. The average euro zone price of US$ 4.47 is 33.7% cheaper than Switzerland. More on this:Economist article (in English) For more stories like this on Switzerland follow us
Topics:
Investec considers the following as important: Big Mac index Switzerland, Business & Economy, Editor's Choice, Personal finance
This could be interesting, too:
Investec writes Swiss inflation falls further in January
Investec writes Catching ski pass cheats – reactions, fines and worse
Investec writes Swiss milk producers demand 1 franc a litre
Investec writes Swiss income taxes at highest level since 2008
The Economist magazine’s 6-monthly Big Mac index shows the Swiss franc to be even more overvalued than it was in January 2017.
© Pamela Mcadams
The index, which compares the US$ price of a Big Mac around the world places Switzerland at the top with a price of US$ 6.74. This is 27.2% more expensive than the United States where the same burger costs US$ 5.30.
In January 2017, the same burger in Switzerland cost US$ 6.35 and US$ 5.06 in the US making the Swiss one 25.5% more pricey.
The cheapest burgers are still found in Egypt where they are now 69% cheaper than in the US.
Cross-border burger shopping still offers savings. The average euro zone price of US$ 4.47 is 33.7% cheaper than Switzerland.
More on this:
Economist article (in English)
For more stories like this on Switzerland follow us on Facebook and Twitter.