ADVERTISEMENT

Real wages up 4.8% yr/yr in January-September 2006

Tourism

Real wages in Hungary rose 4.8% yr/yr in January-September 2006, based on an 8.0% increase in net monthly wages from the same period of 2005 and an average CPI of 3.1%, the Central Statistics Office (KSH) announced on Thursday.

In September alone, real wages dropped 1.8% year on year, Econews calculated, based on a 4.0% year on year rise in net wages and twelve-month CPI of 5.9% in September. Gross monthly wages rose 7.1% in twelve months to Ft 160,993 (EUR 626) in September, and net wages rose 4% to Ft 103,231 during the same period. In the first eight months of 2006, gross monthly wages rose 7.7% year on year to Ft 166,561 and net monthly wages were up 8.0% at Ft 109,450. Total work income, including extra-wage benefits and in-kind contributions, rose 7.9% to Ft 175,500. Extra-wage benefits and in-kind contributions accounted for 5.1% of total work income on average in January-September. Business sector gross wages rose 7.6% year on year to Ft 155,983 a month and public sector gross wages were up 6.9% in twelve months at Ft 174,463 in September. (Mti-Eco)

ADVERTISEMENT

Household income improved in Q1 Analysis

Household income improved in Q1

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

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.