ADVERTISEMENT

Real wages up 5.6% yr/yr in January-August

Tourism

Real wages were up 7.1% year-on-year in August alone, Econews calculated, based on a 10.8% year-on-year rise in net wages and twelve-month CPI of 3.5% in August. Gross monthly wages rose 10.7% in twelve months to Ft 164,353 (€620) in August, and net wages rose 10.8% to Ft 108,874 during the same period. In the first eight months of 2006, gross monthly wages rose 7.8% year-on-year to Ft 167,229 and net monthly wages were up 8.5% at Ft 110,206. Total work income, including extra-wage benefits and in-kind contributions, rose 8% to Ft 176,200. Extra-wage benefits and in-kind contributions accounted for 5.1% of total work income on average during the period. Business sector gross wages rose 11.6% year-on-year to Ft 161,010 a month and public sector gross wages were up 9.3% in twelve months at Ft 173,841 in August. (Mti-Eco)

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.