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Published: Wednesday January 29, 2014 MYT 12:20:00 PM
Updated: Wednesday January 29, 2014 MYT 1:45:26 PM

Malaysia among the cheapest places to buy a Big Mac

SEOUL: Malaysia is among the cheapest places in the world to buy a Big Mac, although India takes the top spot, according to the newly-updated Big Mac index unveiled by The Economist.

India has the lowest-priced Big Mac - or "Maharaja Mac" - at US$1.54, with a burger patty made of chicken or lamb instead of beef.

Other countries where Big Macs are relatively cheap include South Africa (US$2.16), Malaysia (US$2.23), Ukraine (US$2.27) and Indonesia (US$2.23).

At the other end, Norway offers the highest price for the signature burger among 48 countries, according to the survey.

The Economist has published the Big Mac index annually since 1986, tracking the various prices of the McDonald’s flagship burger around the world. It uses exchange rates to convert local prices to US dollars, providing a useful measure to compare the value of different countries' currencies.

A Big Mac in Norway is sold at US$7.80, followed by Venezuela (US$7.15), Switzerland (US$7.14) and Brazil (US$5.25) where the burger costs more than in the burger's homeland, the United States (US$4.62).

A Big Mac in Korea costs U$3.47, more expensive than in neighbouring countries China (US$2.74) and Japan (US$2.97). - The Korean Herald/ANN

Tags / Keywords: World, Entertainment, Food, Big Mac, Malaysia, The Economist, McDonalds

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