If you want a corner of the world where shopping cheap or where to travel at very low cost, then point your compass towards the ' Eastern Europe or to the American continent, the Euro will have your buying power much higher than in our house.
This is the verdict of the OECD report on August 7, 2009 compared to the price index, an indicator that expresses, for each country, the number of monetary units (ie Euro for Italy) needed to buy in each nation the same basket of goods and services.
Attached the OECD report to be read vertically for each area of \u200b\u200binterest (to us with interest the column Italy). http://www.oecd.org/dataoecd/48/18/18598721.pdf
This is the verdict of the OECD report on August 7, 2009 compared to the price index, an indicator that expresses, for each country, the number of monetary units (ie Euro for Italy) needed to buy in each nation the same basket of goods and services.
Attached the OECD report to be read vertically for each area of \u200b\u200binterest (to us with interest the column Italy). http://www.oecd.org/dataoecd/48/18/18598721.pdf
The table appears to the right shows, taking as a reference Italy, countries where it is cheaper to buy (values \u200b\u200bbelow 100) opposed to those where the cost becomes expensive (values \u200b\u200babove 100). The data refer to June 2009 with the EURUSD exchange rate at 1.40.
For Italians a purchase or a trip to Denmark, Norway and Switzerland is certainly not a convenient choice to save and must point to the east by the Czech Republic, Hungary and Poland, which allow an increase in Italian purchasing power ranging from 34% to 46%. Mexico
If the basket of goods cost 50% less than Italy, are already above the U.S. market on which our compatriots are looking with greater interest, both for the opportunity to purchase locally or via the internet North American country offers. According to the theory of purchasing power parity (see post below) overestimates the Euro is 20% against the dollar and the exchange rate at which the theoretical cost to buy in the States should be less than is currently positioned at 1.17.
If nothing has changed for the U.S. dollar compared to December 2007, days before the start of the economic crisis Italian consumers gained a lot of positions compared to countries like New Zealand (95 in 2007), Britain (101 in 2007) and Iceland (135 in 2007), making these areas more accessible to travelers of the world our own. Above all, the Icelandic island has been a real fall in prices due to the failure of seeds to which it had suffered in 2008 and opening up prospects for travel to site unthinkable only a couple of years ago.
But the real positive surprises are to be read on intra euro zone data. If the basket of goods and services cost much more in Finland and Ireland (this explains the frequent shopping trips to the cheap that the Irish do in the neighboring United Kingdom), the purchasing power Italian becomes high in countries such as Spain, Greece and Portugal in particular, a country with our own money where purchasing power is greater than 20% Italian, just like the States.
If the basket of goods cost 50% less than Italy, are already above the U.S. market on which our compatriots are looking with greater interest, both for the opportunity to purchase locally or via the internet North American country offers. According to the theory of purchasing power parity (see post below) overestimates the Euro is 20% against the dollar and the exchange rate at which the theoretical cost to buy in the States should be less than is currently positioned at 1.17.
If nothing has changed for the U.S. dollar compared to December 2007, days before the start of the economic crisis Italian consumers gained a lot of positions compared to countries like New Zealand (95 in 2007), Britain (101 in 2007) and Iceland (135 in 2007), making these areas more accessible to travelers of the world our own. Above all, the Icelandic island has been a real fall in prices due to the failure of seeds to which it had suffered in 2008 and opening up prospects for travel to site unthinkable only a couple of years ago.
But the real positive surprises are to be read on intra euro zone data. If the basket of goods and services cost much more in Finland and Ireland (this explains the frequent shopping trips to the cheap that the Irish do in the neighboring United Kingdom), the purchasing power Italian becomes high in countries such as Spain, Greece and Portugal in particular, a country with our own money where purchasing power is greater than 20% Italian, just like the States.
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