Czech real wages rise in Q4
The average real monthly wages in the Czech Republic rose by 3.8% year-on-year in the fourth quarter 2020, following an upwardly revised 1.8% increase in the previous period, data released by the Czech Statistical Office (CZSO) showed on Monday.
It was the strongest increase in average real monthly wages since the first quarter of 2019, as nominal wages went up by 6.5% to CZK 38,525 (EUR 1,459) and inflation was at 2.6%.
The median wage was CZK 32,870 (EUR 1,244.80).
For men, the median reached CZK 35,129, while for women it was CZK 30,281.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.