The average gross wage in Hungary rose 11pc year-on-year to HUF 727,700 in December.
Data released by the Central Statistics Office (KSH) on Tuesday show that net wages climbed at the same pace to HUF 483,900.
Real wages rose 6.1pc, calculated with a December CPI of 4.6pc. The gross median wage increased 13.1pc to HUF 560,900.
Hungary's statutory monthly minimum wage was raised by 15pc to HUF 266,800 for unskilled labourers and by 10pc to HUF 326,000 for skilled workers from December 1, 2023.
Excluding the 64,200 Hungarians working full-time in fostered work programmes -- who earned an average gross HUF 133,300 in December -- the average gross monthly wage was HUF 740,000.
The average gross wage in the business sector, which includes state-owned companies, rose 9.5pc to HUF 733,100. The average gross wage in the public sector climbed 17.2pc to HUF 681,500. In the non-profit sector, the average gross wage increased 11.0pc to HUF 804,600.
For the full year, gross wages averaged HUF 646,800 and net wages came to HUF 430,100, both up 13.2pc from the same period a year earlier.