Wednesday, June 24, 2009

Cost of Living Index

With everyone focused on the economy, we have developed our Cost of Living Index for Croatia. Normally this is done by calculating the cost of "a basket of commodities".

Our index is simple but effective. It has only one item..the cost of an ice cream cone. We have found this reflects the cost of accommodation, meals, etc.

On the quieter islands like Pag, ice creams were 5 kn. In the slightly more upmarket spots like Rab and Kircula, they were 6 kn. and in the happening and tourist mecca spots like Split, Hvar and Dubrovnik, they are 7 kn.

We have called this new economic tool The Ice Cream Cost of Living Indicator.

As much fun as it was carrying out the research, we are working on a new tool..The Local Wine Cost of Living Indicator. This may delay our return.

Sorry no photos of us eating the Economic Indicator were on file.

3 comments:

Amanda said...

So in order to do this experiment properly, you should really be trying at least 3 ice cream shops in each place and averaging out the cost.

Miss Di said...

My local wine index is "will the near by bottle show price match with Dan Murphys!"

gailandrob said...

Di you think like your father. See the blog update.

Amanda, we thought it was 5!