The average wage increased to CZK 43,412 in the 4th quarter, but fell in real terms

The average wage increased to CZK 43,412 in the 4th quarter, but fell in real terms

The average salary increased to CZK 43,412 in the 4th quarter, real

Illustrative photo – Development of the average wage in the Czech Republic between 2006 and 2022.

Prague – The average wage in the Czech Republic increased in the fourth quarter of last year year-on-year by 7.9 percent to 43,412 crowns. However, after accounting for inflation, which reached 15.7 percent in the same period, wages decreased by 6.7 percent in real terms. She fell for the fifth time in a row. This follows from data published by the Czech Statistical Office (ČSÚ).

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The median, i.e. the middle value of wages, rose by nine percent year-on-year to 37,463 crowns in the 4th quarter. It was 40,232 crowns for men, 34,554 crowns for women. Eighty percent of employees received wages between 18,666 crowns and 70,514 crowns per month.

In nominal terms, wages increased in each quarter of last year in a year-on-year comparison. In the first quarter it was by 7.3 percent, in the second by 4.4 percent and in the third by 6.2 percent. But in real terms, it fell in every quarter of last year. It was sequentially by 3.5 percent in the first quarter, 9.8 percent in the second and 9.7 percent in the third.

In the last quarter of last year, wages grew the most in the production and distribution of electricity, gas, heat and air conditioning. It was by almost 15 percent. On the contrary, wages in education fell by 0.3 percent. “In health and social care, the increase was only 4.5 percent,” the statisticians said.

For the whole of last year, the average wage reached 40,353 crowns. In a year-on-year comparison, it was 2,450 crowns more, i.e. 6.5 percent. However, consumer prices increased by 15.1 percent last year, so wages decreased by 7.5 percent in real terms.

Average gross monthly wages in 2022:

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Period Nominal salary in CZK Year-on-year change in percent Development in percent after accounting for inflation 1. quarter 37,979 +7.3 -3.5 2. quarter 40,093 +4.4 -9.8 3. quarter 39,880 +6.2 -9.7 4. quarter 43,412 +7.9 -6.7

Source: CZSO