Big Mac Index Shows Official CPI Underreports Inflation

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By David John Marotta, Contributor

In “Better to Bank with Cyprus Than the United States?” we wrote: In 1996 the government began measuring inflation differently, lowering the reported number significantly. … The average Big Mac costs 83.5% more. Even though the cost of a Big Mac has risen from $2.36 to $4.33, the CPI index has only adjusted to pay $3.49 for a Big Mac leaving seniors $0.84 shy of smiling.

From: http://www.forbes.com/sites/davidmarotta/2013/04/16/big-mac-index-shows-official-cpi-underreports-inflation/

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