Food prices in 1989 vs. 2024 showcase increase in Czech purchasing power
Despite recent inflation, wages have risen much faster than prices since 1989 in the Czech Republic, with purchasing power multiplying several times over.
Czechia continues slide down world economic freedom index
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Due to currency instability and acutely high inflation in recent years, Czechia has fallen down the rankings – but still outperforms most neighbors.
ASK AN EXPERT: Is Czech real estate still a strong investment?
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Amid a surge in house prices, we asked a wealth manager whether now is a good time to invest in real estate.
New data shows Czech economy recovering better than expected after Covid-19
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A major data revision has improved the state of Czechia's public finances and GDP, although economists note that the country still trails behind others.
As hunger for discounts surges, a new shop is set to enter Czech market
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Shoppers' interest in expiring food and low-cost home furnishings has picked up pace with inflation. Here's what you need to know when bargain hunting.
Reuters: Czech crown will be strongest-growing currency in CEE this year
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A more stable economy compared to 2023 and a high foreign trade surplus should boost the Czech crown to under EUR 1: CZK 24, analysts say.
Inflation dips to lowest level since 2018: What's cheaper in Czechia?
Following a high base in 2023, the government and Czech National Bank have finally managed to quell the nation's soaring inflation.
Expat life hacks: 11 ways to save money at the Czech grocery store
Knowing where, when, and how to shop for food in Czechia could save you hundreds of crowns every month.
Drugstore essentials prove significantly cheaper in Austria than Czechia
A selection of identical products in two branches of a large drugstore on either side of the Czech-Austrian border showed starkly different prices.
Czechia's average wage surges by 7 percent, but declines in real terms
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Despite a sizable increase in nominal wages, rampant inflation seen in much of the past two years has actually devalued salaries.
Prague's Christmas markets ranked among the most affordable in Europe
The ranking found that Prague was affordable relative to UK prices, although people living in Czechia will likely feel the pinch of increasing costs.
The state wants to help Czechs slash grocery budgets with a new app
Similar initiatives in Greece and Austria reduced prices up to 18 percent by giving consumers real-time data on typical costs for staple items.
Cost of living continues to climb in Czechia as inflation remains high
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Households in Czechia will feel the effects of unrelenting inflation mostly at the supermarket and in utilities costs.
EXPLAINED: What's driving Czechia's economic downturn?
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A mix of factors – from inflation to low household consumption – underpin Czechia’s concerningly deteriorating economy.
All Souls’ Day costs reach deathly new heights in Czechia
Due to rising flower and candle prices, Nov. 2 will set back Czechs far more than last year. However, per person, Halloween remains more expensive.
Three major Czech breweries announce price hops: Pub goers will feel it from next year
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Due to an increase in production prices, beer lovers can expect to pay more for a pint.
Czech millennials are struggling to get mortgages due to soaring rates
A recent survey conducted among Czech residents aged 25-34 revealed that obtaining a mortgage has become impossible for a large percentage.
