Compared to 2017, the fastest real year-on-year wage growth since the Q1 2003 took place in the first quarter of 2018. The average gross monthly nominal wage per full-time equivalent (FTE) employee was Kč 30,265 (or 1162 euro), which was Kč 2,385 or 8.6% more than in the same period of 2017, according to the Statistical Office (ČSÚ). The increase in wages was also higher than inflation. In Q1 2018 consumer prices grew by 1.9%, so wages increased by 6.6% in real terms.
Read on: in English …
For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the Head of communications at the ETUI, Willy De Backer wdebacker@etui.org © ETUI