Czech households´ net income falls for first time since 1993

The net monthly income of Czech households last year dropped for the first time since 1993, according to data released by the Labour and Social Affairs Ministry. The net monthly income fell to 12.000 crowns i.e. 146 crowns less than in 2010. Until last year, the net income of Czech households had been growing annually despite the economic crisis. In real terms, the income of Czech employee households decreased as well, amounting to about 97 percent of the figure for 2010. It was, however, about 29 percent higher than before the fall of the Communist regime in November 1989.