Survey: 39 percent of companies in Czechia plan to raise wages by end of year

According to a survey conducted by consulting company RSM, 39 percent of companies in Czechia are planning to further increase wages by the end of this year. Asked about how much the increase will be, 14 percent of respondents said around 2 to 5 percent. Meanwhile, 7 percent said that they are planning no increases this year or the next. The majority of businesses that took part in the survey said that they are not planning to raise wages any further in 2022.

Inflation has been particularly high when compared to the rest of the EU this year, with year-on-year inflation lying at 15.1 percent in October.