Tag: The Economist

Economist Uses Big Mac Price Index to Analyze Inflation, Impact of Food Costs

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Big Mac Burger

In addition to measuring foreign exchange rates, an economist is using the price of a hamburger to examine inflation.

The Economist magazine developed the Big Mac index in 1986 as an informal way to determine the “purchasing power parity” of different countries and currencies. B. Ravikumar, senior vice president and deputy director of research at the Federal Reserve Bank of St. Louis, recently used the Big Mac index to analyze the U.S. consumer price index, which is widely used as the authoritative inflation measurement.

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Regimes in Cuba, Venezuela and Nicaragua Among the Most Undemocratic in the World, According to The Economist

ADN America
Cuban Flag on Pole

The British magazine The Economist released the  2022 Democracy Index on Thursday, in which Cuba appears in 139th place, among 165 independent states. Once again the government of the country was described as an “authoritarian regime” and in this edition it scored zero in the indicator of electoral processes and pluralism.

The Havana regime also appears among the worst in the categories civil liberties (2.94 out of 10), political participation (3.33), government functioning (3.21) and political culture (3.75).

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