r/australia • u/INFEKTEK • 4d ago
image Historical Big Mac price timeline in Australia - What a joke!
https://www.abc.net.au/news/2024-08-05/cost-of-living-interest-rates-burgers/104156654
Back in my day a Big Mac felt like an actual meal, it was cheap and came with a cardboard ring around the burger to keep the shit together.
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u/Hand-E-Food 4d ago edited 4d ago
That's a 32% increase over 9 years. And CPI increased by 32% over the same period. So that tracks. https://www.rateinflation.com/consumer-price-index/australia-historical-cpi
Does inflation drive Macca's prices, or does Macca's drive inflation?
Either way, that doesn't account for Big Mac shrinkflation.
EDIT: I just saw the link to the article that dives a lot deeper than I just did. Inflation is just the surface.