The Hubig’s Index: Pie Price Increases
Show Inflation Rise in City
Not just delicious, educational.
In 1986, the influential global business periodical The Economist introduced the “Big Mac Index.” The index tracks the price of the world’s most famous hamburger in 50 countries.
By tracking the price of a single, consistent commodity (a Big Mac in Syracuse, NY is identical to a Big Mac in Singapore), you can judge the purchasing power of global currencies and track inflation.
(See it here: http://www.economist.com/markets/Bigmac/Index.cfm)
Today, The Creole-Tomato is launching “The Hubig’s Index,” a sophisticated macroeconomic tool to gauge the health of the area economy and consumer purchasing power by tracking the price of a Hubig’s Pie.
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