Originally Posted by
serfty
I'm not so sure the 'big mac' index is relevent to Oz other than indicating how relatively expensive Fast Food is there - relevant to other goods.
The mark up rather large.
A bit like the cost of Books really ...
... that i,s Australians are 'conditioned' to paying over the odds for books and fast foods.
Australians are willing to pay more for most things, usually because they don't know any better. Our grocery market is worth about $75 bln/year, in the US, which has a population 15x larger, the figure is $550bln/year.
Then there is cars, houses, internet....the list goes on.