Macflation

I was able to find the March 2002 Big Mac price for the US, $2.49.

Using the BLS calculator, it “should” be $3.38 in 2017, instead it is $5.06. So while CPI-U inflation for the period was 2.06% annually,  BMI (Big Mac Index) inflation was 4.84% annually.

So basically if you didn’t make 5% a year after tax, you weren’t keeping up. Scary.

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