Real wage decreased slightly in Q2

03-09-2012

The real wage decreased by 1.1 percent in the second quarter of this year, according to figures by the Czech Statistical Office released on Monday. The average salary increased by 2.3 percent and reached just over 24,600 crowns; however, the real wage decreased after deducting inflation. Analysts say relatively high inflation of 3 percent along with unfavourable development on the labour market and uncertain economic outlook were the main causes of the decrease in the real wage which was higher than expected.