The average real monthly wages in the Czech Republic dropped 9.8 percent year-on-year in the third quarter of 2022, the same pace as in the previous period and in line with market forecasts. Nominal wages advanced by 6.1 percent to CZK 39,858, but inflation accelerated to 17.6 percent. The wage volume increased by 7.2 percent, and the number of employees rose by 1 percent. Compared to the previous quarter, the seasonally adjusted average wage went up by 1.8 percent. source: Czech Statistical Office
Wage Growth in Czech Republic averaged 2.44 percent from 2001 until 2022, reaching an all time high of 8.30 percent in the second quarter of 2021 and a record low of -9.80 percent in the second quarter of 2022. This page provides - Czech Republic Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Real Wage Growth - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.
Wage Growth in Czech Republic is expected to be -4.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic Real Wage Growth is projected to trend around 1.80 percent in 2024 and 2.40 percent in 2025, according to our econometric models.