INflation in Portugal

[EMM]

Here is some good news for a change.

Portugal has the lowest level of inflation in the EU.

In the last 12 months comparable costs for food FELL by 4.6% energy increased by 9.3% the overall rise in inflation was + 0.1%
UK increased by 1.9% 7.8% + 3.5%
The EU average is - 0.6% +4% +1.7%

As many of us often state providing you avoid the expensive " tourist related " shops and imported products Portugal is still good value.

Its just the poor £ thats ******** up for us all.

[Gary/Gaynor]

Could also be bad news as such ....

The EU unlike the UK are now worried about deflation two sided coin really..

Gary

[Bristle Si]

Deflation is no good for any economy. Still i'll now expect all the bar owners and shop keepers in CVO to drop their prices for the Summer

[Matryx]

Deflation is no good for any economy. Still i'll now expect all the bar owners and shop keepers in CVO to drop their prices for the Summer

More chance of Gordon Brown coming clean and accepting responsibility for the mess he's created