Czechs shopping abroad as prices rise

02-02-2014

The central banks forex interventions against the Czech crown have sent the price of food products up by ten percent and more with an increasing number of people now heading abroad to do their weekly shopping, novinky.cz reports. Basic food products are now reported to be cheaper in Poland, Slovakia and Germany, with people saving up to a 1,000 on a shopping trip. The internet news site says that many milk and meat products are significantly cheaper in Germany despite the fact that German wages are significantly higher –the average monthly wage in Germany is around 3,700 euros while the average Czech monthly wage is just around 900 euros.