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Graphic Truth: Burgernomics and how wage growth has outpaced inflation
Graphic Truth

Graphic Truth: Burgernomics and how wage growth has outpaced inflation

You’ve heard of Bidenomics, but what about burgernomics? Allow us to introduce you to the Big Mac Index, which uses the price of a McDonald's Big Mac to assess whether currencies are over- or undervalued relative to the US dollar. It's also a good measure of inflation – a hot topic for the US election.

​Shopping in a Whole Foods Market supermarket in New York on Monday, August 12, 2024.
GZERO North

US inflation falls to three-year low

Annual US inflation came in at 2.9% in July, the lowest level since March 2021, according to numbers released Wednesday.

A pile of money sitting on top of a table.
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No rate cut for Biden or Trudeau

It looks like neither Joe Biden nor Justin Trudeau can count on lower interest rates to give them the economic or political boosts they need.