The Central Statistical Office (KSH) has revealed that wage growth in Hungary increased by an annual 10.1 percent in April, picking up from 8.7 percent in the previous month.
Data for businesses and institutions with at least five people on payroll show the average gross monthly wage for full-time employees stood at HUF 440,600 (EUR 1,250). The average net wage was HUF 293,000. The average gross median wage was HUF 347,000. Calculated with twelve-month CPI of 5.1 percent in April, real wage growth stood at 4.8 percent. Excluding the 85,700, Hungarians working full time in fostered work programs — who earned on average gross HUF 85,000 in April — the average gross monthly wage in Hungary was HUF 451,800.
The average gross wage in the business sector, which includes state-owned companies, rose by 8.9 percent to HUF 457,700, excluding fostered workers. The average gross wage in the public sector, excluding fostered workers, increased by 13.3 percent to HUF 446,500. People working in finance and insurance were the highest earners in April, getting a gross monthly HUF 908,000 on average. People working in commercial accommodations and catering earned the least: HUF 256,000 on average.