From Pragmatic Capitalism:

The Economist is out with an updated version of their Big Mac index, showing the world's currencies price based on the world famous McDonald's sandwich. The list of most expensive remains loaded with Europe's sovereign nations, which have no doubt been impacted by the euro zone debt crisis. Emerging markets remain on the other end of the spectrum (via The Economist):

"The Economist's Big Mac index is based on the theory of purchasing-power parity: in the long run, exchange rates should adjust to equal the price of a basket of goods and services in different countries. This particular basket holds a McDonald's Big Mac, whose price around the world we compared with its American average of $4.20. According to burgernomics, the...

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