🇨🇿 Prices in Czech Republic

A Big Mac here is $5.50, cheaper than 35% of the countries we track (36th lowest overall). Priced against local wages that is roughly 21 min of work for a single burger, a cleaner read on everyday affordability than the exchange rate alone.

A litre of gasoline costs about $1.83 in Czech Republic($6.92 per US gallon), the 128th cheapest of 170countries. Fuel prices are driven as much by tax and subsidy policy as by the oil market, which is why they vary far more between countries than crude prices ever do.

Household electricity costs about $0.351 per kilowatt-hour in Czech Republic, the 124th cheapest of 134 countries. Like fuel, power prices are shaped heavily by how a country generates energy and whether it subsidises or taxes consumption, which is why they diverge far more than raw production costs would suggest.

Taken together, Czech Republic sits in the 20th income position of the 53countries we cover, and its prices largely track that. The headline takeaway is the one that runs through this whole site: a dollar figure only becomes meaningful once you set it against what people here actually earn. That is what the affordability numbers above are for.