A higher big Mac text indicates higher purchasing power or lower

purchasing power?

A higher Big Mac index indicates lower purchasing power. The Big Mac index is a measure of the relative cost of living and purchasing power in different countries. If the price of a Big Mac is higher in a particular country compared to the United States, it means that the currency of that country is overvalued and purchasing power is lower. Conversely, if the price of a Big Mac is lower in a particular country compared to the United States, it means that the currency of that country is undervalued and purchasing power is higher