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Croatian take-home pay continues to decline

ZAGREB, April 2 (Hina) - The months-long decline of the average wage in real terms continued this past January, when the net salary was down 3.8 per cent on the year, the State Bureau of Statistics said on Tuesday.

The average net monthly salary in January was HRK 5,529, up 1.2 per cent in nominal terms from January 2012. But given the 5.2 per cent inflation, year-on-year the net wage declined for the 11th consecutive month, by 3.8 per cent in real terms.

Year-on-year, the net wage decline in real terms was highest last September (5.3%), November (5%) and December (4.6%).

On the month, the average net salary this past month was up 0.8% in nominal and 0.7% in real terms.

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