Morning News: Friday, November 18, 2022

According to a survey conducted by consulting company RSM, 39 percent of companies in Czechia are planning to further increase wages by the end of this year. Asked about how much the increase will be, 14 percent of respondents said around 2 to 5 percent.

Archaeologists have discovered a Bronze Age burial ground from the period of the so-called Únětice culture near the construction site of the D35 highway in the Hradec Kralove Region, the Czech News Agency reported on Thursday.

In addition to having one of the highest inflation rates, the Czech Republic has also long experienced high price growth in the clothing and footwear sectors. Since 2015, this section has become the most expensive in the Czech Republic out of the entire European Union.

The prices of apples in Czech stores are the lowest in two years in a year-on-year comparison. This is entirely out of line with the significant rise in food prices over the past year.

Czech real wages fell almost 10% in the second quarter, according to the latest data, and some central bankers see diminishing risks of a wage-inflation spiral. The central bank has forecast nominal wages to rise 6.3% in 2022 and 7.7% in 2023, but to fall 9.4% and 1.2%, respectively in real terms.