The Central Statistical Office (KSH) said on Wednesday that the average gross wage in Hungary climbed by an annual 15.4 percent to HUF 503,500 (EUR 1,216) in June.
The average net wage rose at the same pace for full-timers at businesses with at least five people on payroll to HUF 334,800. The gross median wage increased by 15.1 percent to HUF 403,000. Hungary’s statutory minimum wage was raised by over 19 percent from the start of the year, while the salaries of many people employed in the public sector were bumped up, putting wage growth in the double digits from January. Real wage growth was 3.3 percent, calculating with June CPI of 11.7 percent. Excluding the 75,100 Hungarians working full time in fostered work programs – who earned on average gross HUF 100,100 in June – the average gross monthly wage in Hungary was HUF 514,300. The average gross wage in the business sector, which includes state-owned companies, rose by 14.8 percent to HUF 512,500, excluding fostered workers. The average gross wage in the public sector, excluding fostered workers, climbed by 12.1 percent to HUF 511,800. In the non-profit sector, the average gross wage, increased by 30.8 percent to HUF 543,700, education employees who were earlier counted in the public sector were reclassified.
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