N

KSH: Wage growth picked up to 10.1% in Nov

The rate of annual wage growth in Hungary picked up to 10.1 percent in November from 8.5 percent in the previous month.

The Central Statistical Office (KSH) has announced that the rate of annual wage growth in Hungary picked up to 10.1 percent in November from 8.5 percent in the previous month. The data for businesses and institutions with at least five people on payroll show the average gross monthly wage for full-time employees was HUF 482,400 (EUR 1,350), while the average net wage was HUF 320,800. Calculating with twelve-month CPI of 7.4 percent in November, real wages increased by 2.5 percent.

Photo credit: Shutterstock