|
|
Article: CSU: Average nominal wage growth slows to just under 7 % in 4Q.
- Article from:
- Czech Business News
- Article date:
- March 13, 2003
CopyrightCOPYRIGHT 2003 Gale acknowledges Publisher's copyright in the text of the Publication and shall place users of that text on notice of that copyright interest. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CSU: Average nominal wage growth slows to just under 7 % in 4Q
Prague. March 12. INTERFAX EUROPE - Average nominal Czech wages rose 6.8 % yr/yr in 4Q 2002, according to the Czech Statistical Office.
During the monitored period, inflation and real wages grew 0.5 % and 6.30 % respectively.
Wages developed differently in the public and private sectors, says the CSU. Nominal and real wages in the public sector rose 10.4 % (by CZK 1,580) and 9.9 % respectively. Private sector average wages rose 5.9 % (by CZK 976), while real wages rose 5.4 %.
For all of 2002, the average nominal wage grew 7.3 % to CZK 15,707. Over the same period, consumer ...