The average real monthly wages in the Czech Republic rose by 3.8 percent year-on-year in the fourth quarter, following an upwardly revised 1.8 percent increase in the previous period and beating market expectations of a 0.5 percent gain. It was the strongest increase in average real monthly wages since the first quarter of 2019, as nominal wages went up by 6.5 percent to CZK 38,525 and inflation was at 2.6 percent. The wage volume increased by 3.5 percent and the number of employees decreased by 2.9 percent. Compared to the previous quarter, wages increased 1.9 percent. source: Czech Statistical Office
Wage Growth in Czech Republic averaged 2.85 percent from 2001 until 2020, 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 April of 2021.
Wage Growth in Czech Republic is expected to be 1.30 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 1.50 in 12 months time. In the long-term, the Czech Republic Real Wage Growth is projected to trend around 1.50 percent in 2022 and 2.90 percent in 2023, according to our econometric models.