In the beginning of the Greek debt crisis, Greek hairdressers became one of the symbols of a badly managed country (they could retire at 50 with full benefits). But there is more and more interesting things to say about them.

Take a look at inflation rates for hairdressing salons and personal grooming establishments in Greece. This is something that you can’t see anywhere else in Europe: two spikes each year, in April and in December. You can clearly see them before the Euro. After the Euro, they remain visible but prices in the other months went also up. Crisis came. Hairdressers resisted for two years. But apparently the number of people in Greece in the mood for party is not enough. Prices are declining faster than the all-items inflation rate and the last two years the only spikes are the ones made with gel or hairspray.