The average gross wage in the Czech Republic grew 5 percent over the first quarter of the year to CZK 34,077, meaning employees get CZK 1,610 more each month than they did in 2019. Taking inflation into account, this translates to a gain in real terms of just 1.4 percent, which according to the Czech Statistics Office (ČSU) is the lowest rise since 2013. Just one-third of all people make at least the average wage or better, whereas the median point for all employees is CZK 29,333. That indicator rose 5.8 percent during the first quarter of the year, with the proviso that for men the figure is CZK 31,790 and for women just CZK 26,723. Looked at from another angle, the ČSU reported that 80 percent of all employees have a gross salary of between CZK 15,761 and CZK 53,850. Economists predict that real wage growth will slow in the coming months as inflationary pressures mount on consumer goods at the same time as companies are freezing wages, or even asking employees to accept pay cuts.
