“Higher prices and a poor summer season, not a good combination...” | Luca Piergiovanni - CB - EFE - E
I don’t think anyone will be surprised to read that prices are rising in Majorca. In fact inflation was at 4.2 percent in September, almost the highest level for a decade. Higher fuel and electricity prices are being blamed. The rise in the rate of inflation will certainly dent the local economy as it tries to move clear of the financial woes caused by the pandemic. Higher fuel costs will mean that all imported articles from the mainland and even further afield will be more expensive.