Average salary increased to CZK 39,858

Published: 20.12.2022 Related countries:  Korea (south) Korea (south)

Strong wage growth hampered by rising consumer prices

The average gross monthly nominal wage in 3Q 2022 in the national economy grew by 6.1 % year-on-year to CZK 39,858. Consumer prices increased by 17.6 %, wages thus fell by 9.8 % in real terms. The volume of wages rose by 7.2 %, the number of employees was up by 1.0 %. The data was published by the Czech Statistical Office. Median wages amounted to CZK 34,993 and showed an increase of 6.5 % compared to 3Q 2021. For men, it reached CZK 37,530, for women it was CZK 32,171. A full 80 % of employees received wages between CZK 18,301 and CZK 62,659.

Source: CIA News
Prepared by the team of foreign office CzechTrade and CzechInvest Seou