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Indicator Analysis: The positive surprise of wage growth in 1Q26 was influenced by data revision

04/06/2026 14:16

The average nominal wage in the Czech Republic increased by 8.1% yoy in 1Q26, following a 6.7% rise in the previous quarter (downwardly revised from an initial 7.4%). After seasonal adjustment, we estimate that this implies an increase in qoq wage growth from 1.8% to 2.9%. From a sectoral perspective, yoy wage growth continues to be driven by the private sector. There, the average nominal wage increased by 8.9% yoy in Q1, whereas in the public sector, growth was more moderate at 6.2% yoy. After adjusting for inflation, the purchasing power of the average wage increased by 6.4% yoy in 1Q26.

Autor: Jaromír Gec
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