Malta and Gozo Discussion Forum

Discussions regarding holidays in Malta and Gozo.
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there has been very little change in prices of the items you mention - however, in £, prices are up 20% due to weakness of £
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We've just come back from Malta and found it to be far cheaper than Spain was last year, an average meal was around 12 euros for a main course (for something like swordfish or Lampuki)
No idea how this compared to pre Euro, but if France is anything to go by when they changed over then it is probably more expensive as Gozomark said.
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Hi Gillymiff - you misunderstand, Malta isn't more expensive than before in local currency terms- it is in £, but that's nothing to do with the change to the €

as per my earlier reply "there has been very little change in prices of the items you mention"

there is actually no evidence of any wholesale increase in prices in any country due to a change to the €. I'm no apologist for the € - as an economist, my view is that the main benefits of the € in the short and medium term are political not economic, and economically are mixed - but one thing the € hasn't done is lead to significantly higher prices - most countries inflation rates rose by 0.2-0.3% immediately, which soon disappeared due to greater price transparency
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I went last month, the prices hadn't risen much, but the poor exchange rate made them seem more expensive than last year.

For example, in 2007 : Lm2 = £3.23 (62c/£1) .
As the lira was fixed against the Euro, in 2008 Lm2 = €4.66 = £3.85. Approx 20% increase.

Basically I am saying a bottle of wine for Lm2 is now €4.66, but still the same price in Malta. But because of the exchange rate it will seem more to British tourists!

* Lm0.4293 = €1 / €1.21 = £1
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