Czechs plan to spend roughly the same on Christmas as last year

Czech households expect to spend an average of 12,600 crowns on Christmas this year, similar to 2024, according to a survey by the Czech Banking Association and Ipsos. Most of the budget goes to gifts, typically between 5,000 and 10,000 crowns, while spending on food and drinks usually stays below 3,000 crowns. Only about two percent of people plan to take a Christmas loan, most often up to 5,000 crowns and usually from a bank. Although seven percent have borrowed for gifts at least once in the past, 95 percent of Czechs say taking a loan for Christmas presents is not a good idea.