30 March, 2012

Coffee Deflation

There are still many cafeterias in Athens that are offering a cappuccino for 4.50 euro and more, here is Gregoris here is a clear sign of deflation. It started as a temporary offer and now it is permanent. A small cup of cappuccino is now one euro, down from 1.80!
It is unavoidable phenomenon and for me who lived the same in Japan for several years it is not a good sign unfortunately.

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