Czechia may produce much of its own food, but that has not stopped the country from seeing a dramatic increase in food prices. On top of the usual suspects such as rising energy prices, part of the problem for Czechs is that a substantial amount of that domestically produced food is exported abroad. Food prices […]

Part of the problem is that Czech producers continued to export many of these commodities abroad, creating a shortage at home and keeping prices high, according to Czech news outlet Seznamz Pravy. The situation the country finds itself in reveals some of the downsides of free trade and globalization, in which companies and producers can often profit more by selling key products abroad rather than selling domestically.