Wage dynamics

Last quarter's value

Dynamika mezd

Comment
Annual real wage growth of 4.2% in Q4-2024 is above its long-run average growth of 2.8% from 1998-2019 and below the average growth of 4.3% from the 2015-2019 pre-Federal Five-Year Plan period.
Source of primary data
CZSO
Note
Data unadjusted for seasonal effects.
Category
Economics
Data frequency
Quarterly
Comments
Wage growth in Q2 remained below expectations
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Wages grew by 7 percent in Q1, above expectations
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Wages rose at the end of 2023
Economic commentary by Jakub Seidler, Chief Economist of the CBA
Wages maintained a strong 1.7% quarter-on-quarter pace at the end of last year
Economic commentary by Jaromir Šindel, Chief Economist of the CBA