Czech Real Wages Fall in Q3

Figures

The average real monthly wages in the Czech Republic dropped 9.8% year-on-year in the third quarter of 2022, the same pace as in the previous period, data released by the Czech Statistical Office (CZSO) showed on Monday.

Nominal wages advanced by 6.1% to CZK 39,858 (EUR 1,640), but inflation accelerated to 17.6%.

Compared to the previous quarter, the seasonally adjusted average wage went up by 1.8%.

According to the report, median income rose by 6.5% in the Q3, reaching CZK 37,530 for men and CZK 32,171 for women.

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