Labour Minister announces pensions raise amid inflation

September will see pensions in the Czech Republic raised by roughly CZK 700 a month, Labour Minister Marian Jurečka announced on Tuesday. It will be the third raise to happen this year, after a standard increase on pensions in January and a further raise in June. The increase in money paid out to pensioners is a consequence of high inflation in the country, which reached 14.2 percent in April, according to the Czech Statistics Agency.

Mr Jurečka said that CZK 8 billion will be allocated from the state budget for this purpose.

Author: Tom McEnchroe