It marks the seventh consecutive quarter of declines in real wages as the country is still struggling with elevated inflation, although it slowed to an annual 8.8% in July.
The average gross monthly nominal wage was CZK 43,193 (EUR 1,789.70) in Q2, which is by CZK 3,101, or 7.7%, more than in the corresponding period of 2022.
Compared to the first quarter of 2023, the seasonally adjusted average wages grew 1.5%.
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