Real wages increased by 4.2 percent last year in the Czech Republic
The average wage in the Czech Republic at the end of last year was 34,125 crowns (443,625 forints), which is an annual increase of 7.1 percent, compared to the end of 2018 – the Czech Statistical Office (KSH) said in Prague on Friday. Real wages, which include inflation, are up 4.2 percent.
According to market analysts, wage growth rates will also gradually decline as a result of the weakening economic growth.
For example, in the industry with the largest shortage of labor, wage growth was only five percent, Petr Dufek, a CSOB bank analyst said. (Kokes János, MTI)
Related news
Inflation increased moderately in October in the Czech Republic
Inflation in the Czech Republic increased by 0.3 percent from…
Read more >
Valeo Foods To Acquire Confectionery Firm I.D.C. Holding
Valeo Foods Group has agreed to acquire I.D.C. Holding, a…
Read more >
The popularity of beer consumption is decreasing in the Czech Republic
In the Czech Republic, the number of people who regularly…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >
Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >
Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >
