Statistics Office: Czech average wage decreases by almost 500 crowns

The Czech average wage decreased by 484 crowns (or 1.8 percent) in the fourth quarter of 2013 to 26,637 crowns the Czech Statistics Office revealed Tuesday; adjusted for inflation, real wages fell by 2.9 percent. Inflation reached 1.1 percent over the same period. The full-year average wage was 25,128 crowns per month. According to the bureau, the income of two-thirds of Czech employees earn lower than the average wage: 80 percent of employees earn between around 10,500 crowns to some 43,000 crowns per month.

Author: Jan Velinger