Czech Republic, Prague

Country Full Name: Czech Republic.

Location: Czech Republic is in Central Europe, between Germany, Poland, Slovikia, and Austria.

Country Climate: Temperate; cool summers; cold, cloudy, humid winters.

Country Terrain: Bohemia in the west consists of rolling plains, hills, and plateaus surrounded by low mountains; Moravia in the east consists of very hilly country.

Major Languages: Czech.

Major Religions: Christianity.

Population: 10.4 million (2008 est.) 10.4 million (2009 est.).

Country Economy: The economy of the Czech Republic is developed and industrialized. It is one of the most stable and prosperous of the post-Communist states of Central and Eastern Europe.

Currency: Czech Koruna (CZK).

Inflation: 1.8% (2011 est.).

City: Prague is the capital and largest city of the Czech Republic.

City Economy: Prague's economy is based on various industrial sectors. Prague's industrial sector is split into aircraft engines, diesel engines, refined oil products, electronics, chemicals, food, printing, automobiles etc. Also a significant proportion of research and development is based in Prague. Approximately one-fifth of all investment in the Czech Republic takes place in Prague city.

The cost of living in Prague in the Czech Republic is very high compared to other places. The overall cost of living is determined using the prices for defined quantities of the same goods and services across 13 Basket Groups. Prague in the Czech Republic is currently ranked 170 overall out of 950 places (rank 1 is most expensive: rank 950 is least expensive). The cost of living rank for each of the 13 Basket Groups is as follows:

Alcohol & Tobacco costs are high compared to other places for items such as alcoholic beverages, alcohol at a bar, beer, locally produced spirit, whiskey, and wine (where alcohol is legally sold) as well as for tobacco products such as cigarettes. There are 203 places that are more expensive, and 746 places that are less expensive for alcohol and or tobacco.

Clothing costs are very high compared to other places for items such as clothing and footwear products, business suits, casual clothing, childrens clothing and footwear, coats and hats, evening wear, shoe repairs, and underwear. There are 126 places that are more expensive, and 823 places that are less expensive for clothing.

Communication costs are high compared to other places for various communication costs such as home telephone rental and call charges, internet connection and service provider fees, mobile / cellular phone contract, data, and calls. There are 320 places that are more expensive, and 629 places that are less expensive for communication.

Education costs are very low compared to other places for items such as creche / pre-school fees, high school / college fees, primary school fees, and tertiary study fees. There are 912 places that are more expensive, and 37 places that are less expensive for education.

Furniture & Appliance costs are high compared to other places for items such as furniture, household equipment and appliances, DVD player, fridge freezer, iron, kettle, toaster, microwave, light bulbs, television, vacuum cleaner, and washing machine. There are 192 places that are more expensive, and 757 places that are less expensive for furniture and appliances.

Grocery costs are low compared to other places for items such as food, non-alcoholic beverages and cleaning material items such as baby consumables, baked goods, baking, canned foods, cheese, cleaning products, dairy, fresh fruits, fresh vegetables, fruit juices, meat, oil & vinegars, pet food, pre-prepared meals, sauces, seafood, snacks, soft drinks, spices & herbs . There are 703 places that are more expensive, and 246 places that are less expensive for groceries.

Healthcare costs are average compared to other places for general healthcare, medical and medical insurance, general practitioner consultation rates, hospital private ward daily rate, non-prescription medicine, and private medical insurance / medical aid contributions. There are 394 places that are more expensive, and 555 places that are less expensive for healthcare.

Household Accommodation costs are very high compared to other places for items such as housing, water, electricity, household gas, household fuels, local rates and residential taxes, mortgage, house / flat rental, household electricity consumption, household gas / fuel consumption, household water consumption, and local property rates / taxes / levies. There are 63 places that are more expensive, and 886 places that are less expensive for household accommodation.

Miscellaneous costs are very high compared to other places for items such as stationery, linen, general goods and services, domestic help, dry cleaning, linen, office supplies, newspapers and magazines, and postage stamps. There are 71 places that are more expensive, and 878 places that are less expensive for miscellaneous items.

Personal Care costs are high compared to other places for items such as personal care products and services, cosmetics, hair care, moisturizer / sun block, nappies, pain relief tablets, toilet paper, toothpaste, and soap / shampoo / conditioner. There are 341 places that are more expensive, and 608 places that are less expensive for personal care.

Recreation and Culture costs are very high compared to other places for items such as books, camera film, cinema tickets, DVDs and CDs, sports goods, and theatre tickets. There are 117 places that are more expensive, and 832 places that are less expensive for recreation and culture.

Restaurants, Meals Out and Hotel costs are very high compared to other places for items such as a business dinner, dinner at a restaurant (non fast food), hotel rates, take away drinks and snacks (fast food). There are 146 places that are more expensive, and 803 places that are less expensive for restaurants, meals out and hotels.

Transport costs are high compared to other places for items such as public transport, vehicle costs, vehicle fuel, vehicle insurance and vehicle maintenance, hire purchase / lease of vehicle, petrol / diesel, public transport service maintenance, tires, vehicle Insurance, and vehicle purchase. There are 377 places that are more expensive, and 572 places that are less expensive for transport.

Personalized cost of living indexes for Prague in the Czech Republic are based on the basket groups and comparison location(s) selected in the Calculators.

In terms of the hardship people are likely to experience, assessed in global terms, Prague in the Czech Republic is ranked as some hardship with a hardship index of 20%.

Personalized hardship index premiums for Prague in the Czech Republic are based on the comparison location(s) selected in the Calculators.

Note: Xpatulator.com data is updated quarterly. The latest update is at at 1 January 2012. Create a personalized cost of living comparison report using the calculators:
Salary Purchasing Power Parity Calculator
Cost of Living Index Calculator
Cost of Living Allowance Calculator