Czech average wage in Q3 rises by Kc322 to Kc24,836

Ilustrační foto - Peníze, bankovky, česká měna, koruna, úspory - ilustrační foto.

published: 04.12.2013, 09:26 | updated: 04.12.2013 09:46:59

Prague - Czech average wage grew by Kc322 or 1.3 percent to Kc24,836 in Q3, and adjusted for inflation, real wages were 0.1 percent higher, the Czech Statistical Office (CSU) said today.

Analysts had expected a bigger growth.

According to the CSU, about two thirds of employees hadlower wages than the national average.

The median wage rose by 1.5 percent to Kc21,331 against Q3 2012. The median wage was Kc23,197 for men and Kc19,061 for women.

As many as 80 percent of employees earned wages in the interval between Kc10,837 and Kc39,603.

The average nominal wage in the business sector grew by 1.4 percent in nominal terms and by 0.2 percent in real terms.

Wages in the non-business sector rose by 0.8 percent in nominal terms but fell by 0.4 percent in real terms.

Consumer prices increased by 1.2 percent and the volume of wages grew by 0.1 percent. The number of employees, on the other hand, fell by 1.2 percent.

Author:
www.ctk.cz

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