Wage dynamics

7.1 % yoy nominal

Current value (denomination)

7.6 % yoy nominal

Last quarter's value

Wage dynamics

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CBA Commentary

Average nominal wages slowed their annual growth rate to 7.1% in Q3 2025 from 7.6% in the previous quarter. Its level thus fell to 49.3 thousand CZK. CZK from CZK 45.8 thousand a year ago. \After seasonal adjustment, the average nominal wage reached CZK 49.5 thousand in the third quarter. CZK and I estimate that in the business sectors it was CZK 49.9 thousand. CZK 47.9 thousand in the business sector and CZK 47.9 thousand in the public sector.
As consumer price growth picked up to 2.5%, real wage growth moderated to 4.5% yoy in Q3 from 5.1% in Q2. The average wage thus stood at 46.9k in Q3 2025 in prices before last quarter. CZK. \The real wage growth rate in Q3 2025 was thus above its long-term average growth rate of 2.8% from 1998-2019 and above the average growth rate of 4.3% from the pre-pandemic period 2015-2019. In 2015, the nominal average wage was 26.6 thousand CZK. In 2019 it reached 34.6 thousand.

Source of primary data

CSO

Note

Data unadjusted for seasonal effects.

Category

Economics

Data frequency

Quarterly

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