Czech Wages Drop in Q4

Figures

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The average real monthly wages in the Czech Republic fell 6.7% from a year earlier in the fourth quarter of 2022, following a 9.8% decrease in the previous period, the Czech Statistical Office (CZSO) said in a statement on Monday.

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

Nominal wages rose 7.9% to CZK 43,412 (EUR 1,842), while inflation was 15.7%.

Compared to the previous quarter, the seasonally adjusted average wages grew 2.1%.

The median wage, a midway between the highest and the lowest levels, increased by 9% year-on-year to CZK 37,463 (EUR 1,590). It was CZK 40,232 for men and CZK 34,554 for women.

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