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San Stefanos news and views / Greek Deflation
« on: March 12, 2014, 03:11:09 PM »
Having read recently that Greek deflation improved from -1.5% in Jan to -1.1% in Feb I wondered whether that had had an impact in Corfu especially around the cost of day-to-day items. Though Feb's figure is an improvement its still in negative territory.
With the euro hovering at around 1.19/1.20 I was wondering if our money will go further this year if the goods are cheaper to buy. Deflation isn't a good thing, ask the Japanese, as is restricts growth. I was just thinking about the locals and if the mainland problems have reached the island.
Not exactly a bright holiday topic really, but I bored.
With the euro hovering at around 1.19/1.20 I was wondering if our money will go further this year if the goods are cheaper to buy. Deflation isn't a good thing, ask the Japanese, as is restricts growth. I was just thinking about the locals and if the mainland problems have reached the island.
Not exactly a bright holiday topic really, but I bored.