Real wages up 5.5% yr/yr in January-July 2006

Tourism

Real wages in Hungary rose 5.5% yr/yr in January-July 2006, based on an 8.2% increase in net monthly wages and an average CPI of 2.6% from the same period of 2005, the Central Statistics Office (KSH) announced on Tuesday. Gross monthly wages rose 8.6% in twelve months to Ft 164,350 (€ 604) in July, and net wages rose 9.1% to Ft 108,772 during the same period. In the first seven months of 2006, gross monthly wages rose 7.4% yr/yr to Ft 167,643 and net monthly wages were up 8.2% at Ft 110,398. Total work income, including extra-wage benefits and in-kind contributions, rose 7.5% to Ft 176,500. Extra-wage benefits and in-kind contributions accounted for 5.0% of total work income on average during the period. Business sector gross wages rose 8.7% yr/yr to Ft 157,973 a month and public sector gross wages were up 8.4% in twelve months at Ft 180,494 in July. (Mti-Eco)

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.