The average monthly salary increased by 322 crowns in the third quarter to
24,836 crowns. Adjusted for inflation, this is an increase of only a tenth
of a percentage point, which basically signifies a stagnation of wages.
Around two thirds of people employed in the Czech Republic, though,
receive
a lower salary than the average, with the median being currently around
21,000 crowns. Long-term stagnation and slight decreases in real wages is
leading to a decrease of household spending, which the Czech National Bank
was hoping to thwart with its recent intervention against the crown.