In two weeks, the wage negotiations for the next year will begin in large companies. The main trade-union confederation (CMKOS) announced its intention to ask for a wage increase of 7%, and even 10% in the most productive sectors. The rise of productivity and inflation, as well as labor shortages, explain the current trend of fast increase in wages. (Ref. 061052)
For the number 1 of the Czech central bank, Zdenek Tuma, this claim meets the increase in labour productivity and should not create a pressure on consumer prices. The expected inflation rate being 3-4%, the real increase in wages would be between 4 and 3%. The Czech Republic is among the countries where the progression of wages and the economic growth are the strongest in Europe. The GDP should thus increase by 5% this year and the next year.
Employers proposes a maximum wage increase of 5%. The
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