- Hans Weber
- February 26, 2024
The average salary in Prague rose to 49,221 crowns, but in real terms it fell due to inflation
The average gross monthly wage in Prague rose in the second quarter of this year by 2 percent by 5.7 percent to 49 21 crowns. But in real terms, after taking into account the increase in consumer prices, it fell by 8.7 percent. This follows from the data published today by the Czech Statistical Office (ČSÚ). The average salary in Prague continues to be the highest of all regions of the Czech Republic. The average wage in the Republic exceeded the Prague average by almost a quarter.
Average wages in the whole of the Czech Republic rose by 4.4 percent to 40,086 crowns in the second quarter. Inflation, i.e. the rise in the price level, however, amounted to 15.8 percent in the given period, according to the CZSO. In real terms, wages in the country fell by 9.8 percent.
The year-on-year average of the average wage in Prague was the most significant of all regions, and at the same time the capital also had the lowest real wages. The lowest increase in average wages was in the Ústí Region, by 1.6 percent to 36,866 crowns. This region also saw the most significant real wage decrease – by 12.3 percent.
Only two of the 14 regions in the Czech Republic exceeded the national average wage. In addition to Prague, it was also the Central Bohemian Region, where the average reached 41,825 crowns in the second quarter. The lowest average wage was in the Karlovy Vary region, where it amounted to 34,725 crowns.
The average registered number of employees in Prague increased by 3.3 percent in the second quarter to approximately 850,900 employees, and it also recorded the second highest number of employees.
The number of employees increased in the second quarter in most regions. Only in the Ústecký and Liberec regions did they slightly decrease.