Czech Real Wages Fall Further in Q1

Figures

The average monthly wage in the Czech Republic rose by an annual 8.6% year-on-year in the first quarter to CZK 41,256 (EUR 1,753), the Czech Statistical Office (CZSO) reported on Monday.

However, two-thirds of employees earn less than the average wage.

In real terms, taking into account inflation, earnings fell by 6.7%, following an upwardly revised 7.9% slump in the previous period.

The median wage increased by 8.9% year-on-year to CZK 34,741 (EUR 1,476). It was CZK 37,696 for men and CZK 31,856 for women. Compared to the previous quarter, the seasonally adjusted average wages grew 2.2%.

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