Statisticians: 94 percent of Czech employees saw fall in real wages this year

94 percent of employees working in the Czech Republic saw a decrease in their real wages, that means wages adjusted for inflation, during the first quarter of 2022, the Czech Statistics Agency announced on Tuesday. Meanwhile, roughly 3 percent of employees saw their real wages grow. The biggest real wage decreases were registered in the public (8.4 percent), health (7.6 percent) and education sectors (7 percent), while growth was registered in the real estate (2.4 percent) and insurance (4.2 percent) sectors.

The average salary in the country grew year-on-year by 7.2 percent during the first quarter to CZK 37,929, meaning an increase of around CZK 2,533. However, when inflation is taken into account, the average salary actually decreased by 3.6 percent when compared to the first quarter of 2021.