Average gross earnings in Hungary rose 8.4 percent year on year in August, to HUF 740,600, according to the Central Statistical Office (KSH). Wage growth has picked up after running at about 7 percent in recent months.
Net pay outpaces gross
Average net earnings climbed 10 percent to HUF 519,900. Real earnings, adjusted for consumer price inflation of 1.3 percent, rose 8.6 percent.
KSH links the faster rise in net pay to tax changes that took effect this year.
Sector and median figures
In the business sector, gross earnings grew 8.1 percent. The budgetary sector recorded faster growth of 9.2 percent.
Median gross earnings reached HUF 611,400, up 8.5 percent. Median net earnings came to HUF 433,400, rising 9.9 percent.
Source: Central Statistical Office (KSH)
