Wage Growth Up 10.6% in December


Wage growth in Hungary was up at an annual 10.6% in December, up from 8.6% in the previous month, the Central Statistical Office (KSH) said.

In absolute terms, the average gross monthly wage for full-time employees stood at 449,400 forints (EUR 1,250). The average net wage was 298,900 forints. Calculating with a 2.7% twelve-month CPI in December, real wage growth stood at 7.7%. In 2020, wages grew 9.7% on average, KSH said. Real wages grew by 6.2%, against a 3.3% rise in consumer prices, it said. Excluding the 90,100 Hungarians in fostered work programmes — who earned on average a gross 81,900 forints in December — the average gross monthly wage in Hungary was 461,700 forints.




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