The Central Statistical Office (KSH) said on Tuesday that Hungarian wages grew by an annual 9.1 percent in September, up from 8.9 percent in the previous month.
The gross monthly wage for full-time employees averaged HUF 428,100 (EUR 1,165), according to data on businesses and institutions with at least five people on the payroll. The average net wage was HUF 284,700. The gross median wage was HUF 349,300. With annual inflation of 5.5 percent in September, real wages increased by 3.4 percent. Wage inflation will remain high with next year’s increases and benefits, analysts told MTI, warning of broader associated inflation risks.
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