Real wages declined by 9.8 percent in Q3 2022

Real wages, meaning wages adjusted for inflation, declined year-on-year by 9.8 percent in the third quarter of 2022, according to data from the Czech Statistics Agency. The nominal wage during the same period grew on average by 6.1 percent to CZK 39,858.

The country’s median income rose by 6.5 percent in the third quarter of this year, reaching CZK 37,530 for men and CZK 32,171 for women.

According to the head of the Labour Market and Equal Opportunities Statistics Department of the Czech Statistics Agency, Dalibor Holý, the lowest rise in wages was identifiable in sectors where there is a large number of state employees. These were health and social services, public administration, defence and education.