Now, in addition to the Big Mac Index, we can compare soup dumplings:The Taiwan Din tai Fung restaurant chain has arrived in NYC. It tells us that the world’s most expensive cities are London, Las Vegas, and New York. According to McDonald’s menus, a Big Mac would have cost us approximately 45 cents during the 1960s. Hopscotching among decades, we have the 1970s Big Mac at 65 cents and then $1.60 during the 1980s. I am guessing that the leap was because of the last great inflation during the early 1980s. ….[READ]
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