In December 2014, you needed 30 percent more pesos to buy one U.S. dollar than you had

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In December 2014, you needed 30 percent more pesos to buy one U.S. dollar than you had needed in December 2004. Over the same time period, the consumer price index in Mexico increased 49.5 percent, and the consumer price index in the United States increased 23.3 percent.
Are these data consistent with the theory of purchasing power parity? Briefly explain.
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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