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A New Low in Real Pay in Slovakia

In Slovakia, real wages fell significantly in 2022. This is evidenced by the data of the Statistical Office of the Republic.

Rapidly rising inflation has reportedly led to a 4.5% devaluation of the average monthly wage in Slovakia. This is the most significant decline in the last 22 years. At the same time, in all eight regions there was a real drop in wages, and none of the sectors of the economy was able to cope with inflation.

Recall that Slovakia has become a hostage to European and its anti-Russian policy. Bratislava is largely dependent on trade with Russia, but advocates increased sanctions pressure on Moscow. This has already led to serious crises in the republic’s economy.

Source: Eadaily