Hungary’s real wages up 7.5% in January
Photo by Pixabay
Along with the 2.3% rise in consumer prices in January, compared to the same month a year earlier, real earnings In Hungary increased by 7.5%, according to a first release of data put out this morning by the Central Statistical Office (KSH).
Both gross earnings and net earnings grew by 10% in January, while regular gross earnings (gross earnings without premiums and one-month bonus) increased by 10.3%. Wages and salaries according to the SNA concept were 10.7% higher than in 2016, KSH reported.
The rise in the minimum wage and the guaranteed minimum wage of 15% and 25%, respectively, as well as salary adjustment in new areas of the public sector – affecting among others those working in health and cultural fields – had an impact on earnings growth, according KSH.
Czech Economic Sentiment Hits 1-year High
Chinese President to Visit Budapest in May
Hungarian Gen Z Auto-buyers Prioritize Affordability
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
