[_delirium]

Yeah; now that I think of it, it also may depend on how easily you can decouple inflation in external terms (currency devaluation vis-a-vis another currency) from internal inflation (change in prices in local currency). From what I can tell from Greek relatives, the average person didn't see much effect from the 83/85 devaluations, because there wasn't much internal inflation. Imported items got more expensive in drachma terms due to the exchange rate, but going to the barber didn't: he still charged about as many drachmas as previously, so your local buying power wasn't really reduced. It's just that everyone now both made and charged less money in dollar terms, which is actually deflation from an external perspective.