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Overview: Inflation vs. Christmas or less gifts… We spend more!

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Christmas will also be marked by higher prices this year. If last year people in the Czech Republic spent an average of 12,672 crowns on decorations, festive food and gifts, this year it will be a thousand more. To buy the same one they had last year, they would have to pay an additiol 1400 CZK!

According to a survey by the Czech Banking Association (CBA) and Ipsos agency, this year Czech citizens plan to pay 7,513 kroons for gifts, another 3,403 kroons for a festive feast and 2,719 kroons for decorations. In total, each person’s Christmas will cost an average of 13,635 crowns.

However, according to the forecast of the Czech Natiol Bank, inflation will rise to 19.1 percent in December, so people will have to pay 15,092 CZK for the same magnificent celebrations as last year. “Maybe

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Source: Blesk

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