Correctiv introduces Pancake Index to measure European food affordability
Investigative newsroom Correctiv has launched the "Pancake Index" to compare food affordability and purchasing power across 28 European nations.
German investigative newsroom Correctiv has developed a new economic metric called the "Pancake Index" to assess and compare food affordability across 28 European countries. The index tracks the cost of four basic ingredients—flour, milk, eggs, and butter—required to make a standard batch of pancakes.
By comparing these ingredient costs against the median income of each nation, the project measures how many pancakes a typical household can afford and analyzes purchasing power shifts over the past decade. According to Correctiv, the index aims to make abstract economic data regarding inflation and living costs more tangible for the public across Europe.
Sources: Correctiv.