Listen to the audio version of this article (generated by AI).
Listen to the audio version of this article (generated by AI).
Net earnings climbed at an even faster pace, boosted by an increase in family tax benefits.
Full-time employees’ average net pay stood at HUF 479,500, up 9.4% compared with July 2024. Real earnings rose 4.9%, as wage growth outpaced a 4.3% rise in consumer prices.
Median gross earnings reached HUF 570,000, up 9.6% year on year, while median net earnings climbed 10.7% to HUF 399,000.
The acceleration in net pay partly reflected a change in family tax benefits introduced on July 1, which lifted take-home pay beyond the growth rate of gross wages, KSH said.
Regular gross earnings, which exclude bonuses and premiums, increased by 8.5% to HUF 656,600. Broken down by sector, regular gross wages rose 8.1% in the business sector to HUF 649,900, 10.1% in the budgetary sector to HUF 669,900, and 7.9% in the non-profit sector to HUF 684,400.
For the first seven months of 2025, average gross earnings were HUF 693,000, while average net earnings stood at HUF 476,600. Both measures grew 9.1% compared with the same period of last year.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
