The Central Statistical Office (KSH) said wages in Hungary grew by an annual 7.9 percent in July from 3.5 percent in in the previous month.
According to MTI, the data for businesses and institutions with at least five people on the payroll show the average monthly wage before tax for full-time employees stood at HUF 433,700 (EUR 1,200). The average net wage was HUF 288,400. The gross median wage was HUF 350,000. Calculating with annual inflation of 4.6 percent in July, real wages increased by 3.2 percent.