Czech Real Wages Rise More than Expected in Q4

2025-03-06 08:23 By Luisa Carvalho 1 min. read

The average real monthly wages in the Czech Republic advanced by 4.2% year-on-year in the fourth quarter of 2024, more than market forecasts of a 3.9% rise and following an upwardly revised 4.7% increase in the previous three-month period.

This marked the fourth consecutive quarter of growth in real wages.

The average gross monthly nominal wage in the national economy was CZK 49,229, representing a 7.2% rise compared to the same period in 2023, and higher than the 7.1% growth recorded in the previous quarter.

Compared to the previous quarter, the seasonally adjusted average wage increased by 1.7% in Q4.

The highest average wage increases were in real estate (16.0%), professional and technical activities (12.2%), and accommodation and food services (10.3%), while the lowest were in mining (1.2%), public administration (2.3%), and education (2.3%).

In 2024, inflation reached 2.4% and the nominal wage increase was 7.1%.

The wage thus increased in real terms by 4.6%.



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