Gross wage growth slows, regular wage rise picks up in April

Tourism

Gross wages in Hungary rose 2.5% in the twelve months to April after a 2.7% rise in March, the Central Statistics Office (KSH) said on Tuesday. The growth of regular wages, excluding one-off premiums and bonuses, picked up, to 4.6% yr/yr.

January-April gross wages rose 3.9%, of which regular wages rose 5.8% yr/yr.

April net wages were down 0.2pc in twelve months after no change in March. January-April net wages were up 1.1% yr/yr.

Hungarians' average gross monthly wage came to HUF 219,955 in April, including HUF 206,064 in regular wages. The net wage, excluding family allowances, averaged HUF 142,211.

The rise of business sector gross wages accelarated to 6.5% in the twelve months to April.

Public sector gross wages fell 7.3% yr/yr in April, with most of the fall reflecting the public work schemes, where the gross wage of full-time employed was down 9.8% yr/yr. Excluding their wages, gross public sector wages fell 1.1% yr/yr in April.

ADVERTISEMENT

EU-funded fact-checking website in Hungary launches Analysis

EU-funded fact-checking website in Hungary launches

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

Most employees want exit interviews HR

Most employees want exit interviews

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.