Average monthly wage in Czechia drops by 6.6 percent in real terms

The average monthly wage in Czechia in the first quarter of 2023 rose by 8.6 percent year-on-year to CZK 41,256, the Czech Statistics Office reported on Monday.

In real terms, taking into account inflation, earnings fell by 6.7 percent. However two-thirds of employees earn less than the average wage.

The median wage, a midway between the highest and the lowest levels, increased by 8.9 percent year on year to CZK 34,741. It was CZK 37,696 for men and CZK 31,856 for women.