Wages Show Fastest Growth in 15 Years

Wages are up in the Czech Republic compared to last year. In the first quarter of 2018, the average gross monthly nominal wage per full-time equivalent (FTE) employee was Kč 30.265, which was Kč 2,385 or 8.6 percent more than in the same period of 2017, according to the Czech Statistical Office (ČSÚ).

It was the fastest real year-on-year growth since the Q1 2003.

The increase in wages was higher than inflation. In Q1 2018 consumer prices grew by 1.9 percent, so wages increased by 6.6 percent in real terms. 

Read the full article here (Prague.TV) 

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