By: The Quinnipiac University Economics Research Team, Nicholas Ciampanelli
In Q2 2021, the Czech Republic’s average salary rose by 7.5–13%, growing at an unprecedented rate within the region. Economists report that, upon accounting for inflation, the real growth of salaries is between 4.5–10%. This wage increase is largely driven by additional payment bonuses distributed throughout the healthcare industry, thereby inflating the country’s salary growth. Given this additional increase is likely a temporary change in the economy, economists anticipate future quarters to return a standard 3–4% increase in salaries.
This article is based upon: https://english.radio.cz/economists-expect-sharp-second-quarter-rise-czech-salaries-8727133