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Hungary's wages rose by an annual 18.1% in December

The average net wage including tax benefits was 400,300 forints, 18.7% higher than in the same period a year prior.

Hungary's average gross wage rose by an annual 18.1% to 581,900 forints (EUR 1,524) in December.

According to the Central Statistical Office (KSH), the average net wage including tax benefits was 400,300 forints, 18.7% higher than in the same period a year prior. In the full year, the average gross wage was 515,800 forints, up 17.5% from the previous year, while the average net wage including tax benefits was 355,300 forints, 18.2% higher than in 2021. Real wages fell 5.1%, calculated with a December CPI of 24.5%. The gross median wage increased by 18.0% to 447,800 forints.