Inflation in the Czech Republic accelerated to 9.9 percent year on year in January from 6.6 percent in December. Year-on-year consumer price inflation was the highest since July 1998, when it stood at 10.4 percent. Inflation is so high that there will be an extraordinary valorisation of pensions, averaging CZK 1,015. The increase is intended … Read more
The bark beetle calamity, which fully affected Czech forests in 2018, is in decline. In Moravia, it is behind its peak and foresters in the Vysočina region also get it under control. “The last big battlefield remains in the Děčín, Českolipsko and Liberecko regions,” said Martin Zajíček, a spokesman for the state enterprise Lesy České … Read more
“Domestic price increases continue on all fronts, which at least makes it easier to identify its causes – everything belongs to them,” said Raiffeisenbank analyst Vít Hradil. “Even in the foreseeable future, there is not much to bet on calming the situation. Adjustments to the price lists of large energy suppliers will only become more … Read more
Higher prices of alcohol, tobacco and food The prices of alcohol, tobacco or food were another in order of year-on-year increase in the price level. For example, beer rose by 6.3 percent and tobacco products by 9.9 percent. From food, people paid extra for oils, fats, eggs or vegetables year-on-year, while fruit was cheaper than … Read more
The impact of the pandemic on the labor market was smaller than expected, statistics said. The increase in the average wage was thus similar to last year. However, according to the CZSO, the data for this year’s first quarter were significantly affected by the reduction in the number of employees. The volume of wages increased … Read more
Wage growth was the highest in the whole of 2020 Real wage growth of 3.8 percent in the fourth quarter was the highest in a full year last year. In the first quarter, after adjusting for inflation, wages rose by 1.5 percent, in the third by 1.8 percent, and in the second quarter they even … Read more
The average wage in the Czech Republic increased by 6.5 percent to 38,525 crowns in the last quarter of last year. In real terms, after taking into account the growth of consumer prices, monthly earnings increased by 3.8 percent. This follows from data published on Monday by the Czech Statistical Office (CSO). In healthcare, salaries … Read more
Industrial production in the Czech Republic grew by 1.3 percent year on year in October. It thus grew for the first time since May 2019. Car production mainly contributed to this. This follows from data adjusted for the effect of the number of working days, which was published by the Czech Statistical Office (CSO) on … Read more
The median wage for the period from the beginning of July to the end of September was CZK 31,183. It was 5.1 percent higher year-on-year. The median is in the middle of wage values, so half of the wage values are lower than the median and the other half higher. “In the third quarter, women’s … Read more
The Czech Statistical Office always publishes a ranking of the popularity of children’s names on the occasion of the European Statistics Day, which falls on 20 October. This year, however, at the end of October, no table appeared on the Office’s website. And even now, a month after the parents of Honzík, Eliška and Tomášek … Read more