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Did you know that prices of some food items in the Czech Republic went up 20 - 30% since the beginning of the year? That’s outrageous! I thought we had it bad here in the United States with the ever-climbing gas prices. The magazine Radio Praha digs deeper to find the cause of this Czech groceries crises (click here)…

CZ: Vite, ze vetsina ceskych potravnin je od pocatku tohoto roku o 20 - 30% drazsi? Kolik ted vubec stoji Fidorka? 50 kourn, nebo i vic?? Ja tady v Americe placu nad cenami mistniho benzinu, zatimco v Cechach to maji mnohem horsi. Nad duvody teto potravinarske krize se pozastavuje magazin Radia Prahy (kliknete zde).

Source: http://www.radio.cz/en/article/103977

The Czech crown has been reaching its all-time record-highs against the US dollar these past couple of months. The absolute highest point was reached on March 12th when 1 US dollar was equal to only 16.0 CZK.

When I came to the US in 1998 the American dollar was worth about 43 Czech crowns and I was scared to death to buy even a chewing gum: a 2-dollar chewing gum (about 80 crowns) was worth as much as a decent dinner for two (!) in a Czech restaurant. (more…)