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Norway has world's priciest Big Macs again

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Norway has world's priciest Big Macs again
A Big Mac meal - Flickr
17:33 CET+01:00
Norway once again boasts the world's most expensive Big Mac, the UK's Economist magazine has reported, with the ubiquitous double-decker burger now costing 48 kroner, or $7.80.
Venezuela slips into second place with a $7.15 burger. Switzerland, which briefly stole the top spot last year on the back of a burgeoning Swiss franc, is now in third place with its $7.14 burger, followed by Sweden ($6.29) in fourth. 
 
The burger in Norway is on average 68.8 percent more expensive than it would be in a McDonald's in the US. 
 
The index was launched in 1986 as a lighthearted way of working out whether a country's currency is over- or undervalued.
 
After adjusting for GDP per head, the magazine estimates that Norway's currency is only 14 percent over-valued in terms of its burger-buying power. 
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