Tuesday, October 12, 2021

Czech Economic Update

Here's a few updates on what's going on lately with the Czech economy.

  • In August, inflation rose 4,1% compared to last year.  This was the biggest jump since November 2008.  The record inflation level was driven by higher prices for goods, services and housing.
  • In 2022 the average pension will increase by 800 Kč (~$33) to more than 16.000 Kč ($652)
  • Over the past 10 years, the minimum hourly wage has risen 54% and is now 139 Kč ($6.30).  
  • Over the past 10 years, the cost of living has rose by 20,2%.

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