Average wages rise by over 7 percent in second quarter

Average wages in the Czech Republic grew by 7.4 percent in the second quarter of this year. The average salary stood at CZK 21,462 (just over USD 1,000) in the April to July period. Accounting for inflation, the real wage increase is 4.9 percent. Analysts have put the rise down to a shortage of labour in many sectors of the Czech economy.