
Gyronomics: Greece’s version of the Big Mac Index shows we can now afford 570 LESS gyros per month than in 1985.
Hey everyone,
I wanted to share a localized economic indicator from Greece that perfectly visualizes how inflation and corporate greed are eroding our purchasing power. It’s called "Gyronomics" (from Gyros + Economics).
Just like the Economist's Big Mac Index, it tracks the real value of the national monthly net minimum wage based on how many pita gyros a worker can actually buy.
The historical data is absolutely depressing:
- 1985: A minimum wage worker could buy ~737 gyros/month (The golden era of street food).
- 2026: A minimum wage worker can now only afford ~165 gyros/month.
What’s even crazier is that the government keeps bragging about raising the nominal minimum wage over the last few years. But because the price of a single gyro skyrocketed way faster than legal wage adjustments, our actual purchasing power is at an all-time low.
Nominal wages go up, real lifestyle goes down. Shrinkflation and price gouging hit the local staples first.
How does your country's local street food index look lately?