Saturday, September 10, 2022

Inflation in Czechland

The average gross monthly wage here in Czechland is 40.086 Kč ($1,860) which in the USA would be $22,320 per year.  By comparison the average monthly salary in the USA is $6,228 (134.248 Kč).

The 40.086 Kč is 4,4% higher that it was a year ago but once you factor in inflation, Czech wages have decreased in real terms by 9,8%.  Basically, people in Czechland are able to buy one-tenth less with the same wages that we earned a year ago.

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