Retail prices in Slovenia and in the Czech Republic
Žižmond, Egon
In September 1994, the aggregate level of retail prices in Slovenia was much higher than in the Czech Republic. The aggregate price parity was 10.40 SIT/CZK, the price parity of goods 8.59 SIT/CZK ...and the price parity of services 17.85 SIT/CZK. The aggregate level of prices was 131 % higher (calculated on the basis of the market exchange rate 4.50 SIT/CZK) than in the Czech Republic (the price level og goods 91 % higher, the price level of services 297 % higher than in the Czech Republic). On the other hand, the purchasing power of the Slovenian average net wage in Slovenia was slightly lower than the purchasing power of the Czech average net wage in the Czech Republik. Indeed, the average monthly net wage in Slovenia was 126.2 % higher than in the Czech Republic (in absolute terms, recalculated on the basis of the market exchange rate). But due to higher price level in Slovenia, the employed Slovene with his average net wage could buy in Slovenia 2.1 % less goods than his Czech colleague with the Czech average net wage at home (i. e. in the Czech Republic).
Type of material - research report
; adult, serious
Publication and manufacture - Maribor : School of Business and Economics, Institute for Economic Diagnosis and Prognosis, 1995
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