In the first three months of 2017, average monthly salaries in the Czech Republic grew to CZK 27,889, according to data published by the Czech Statistics Office.
Wage growth accelerated from the final quarter of last year and reached 5.3 percent year-on-year. Factoring in inflation, real incomes grew by 2.8 percent in the January to April period. Average salaries have been constantly rising in the Czech Republic since the start of 2014.
The quarterly growth was the highest since the end of 2008, when the global economic crisis hit.
The average monthly salary in the capital climbed to CZK 36,194 a month in the first quarter. The lowest wages were once again recorded in the Karlovy Vary region: CZK 23,807.
The increased tempo has been credited to the healthy shape of the economy and in particular to the low level of unemployment. Indeed, the Czech Republic currently has the lowest jobless rate in the European Union.