The average real monthly wages in the Czech Republic increased 3.6 percent year-on-year in the fourth quarter, easing from 4 percent in the previous period but beating market expectations of 3.4 percent. It was the smallest increase in real wages since the first quarter of 2017, as nominal wages rose by 6.7 percent to CZK 36,144 and inflation grew by 3.6 percent. Compared to the previous quarter, the seasonally adjusted average wage went up by 1.6 percent. Considering the full year of 2019, real wages increased by 4.2 percent, as nominal wages advanced 7.1 percent to CZK 34,125 and inflation grew by 2.8 percent.
Wage Growth in Czech Republic averaged 2.97 percent from 2001 until 2019, reaching an all time high of 7.40 percent in the third quarter of 2002 and a record low of -3.10 percent in the fourth quarter of 2013. 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 May of 2020.
Wage Growth in Czech Republic is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Czech Republic to stand at 3.30 in 12 months time. In the long-term, the Czech Republic Real Wage Growth is projected to trend around 2.90 percent in 2021, according to our econometric models.