Average Czech real wage still decreases

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The average gross monthly wage in the Czech Republic was CZK 24,514 in the 3rd quarter of this year, which was CZK 348 (1.4%) more than in the 3rd quarter of 2011. Due to the 3.3% increase of consumer prices,  however, the average real wage decreased by 1.8%. Compared to the previous quarter, the average nominal wage increased by 0.3%, the Czech Statistical Office informed.

In the private sector, the average nominal wage increased by 1.3% and the average real wage decreased by 1.9%. In the public sector the average nominal wage increased by 2.3% and decreased by 1.0% in real terms.

The average wage for the first three quarters of 2012 amounted to CZK 24,408, which is a year on year increase of CZK 563 (2.4%). In real terms, the average wage decreased by 1.0% during this period.

You can read the Czech Statistical Office's commentary on the development of average wages in the third quarter of 2012 here: CSO Analysis - Commentary: The average wage development in the third quarter of 2012

Tables of average wages in individual industries can be found here: http://www.czso.cz/csu/csu.nsf/informace/cpmz120412.doc#priloha

Summary of the information on the average wages in the past years are here: http://www.czso.cz/csu/csu.nsf/kalendar/aktual-pmz

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Article source Czech Statistical Office - main organization which collects, analyzes and disseminates statistical information in the Czech Republic
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