Nagy: Real Wages Could Rise Again From August

Analysis

Minister of Economic Development Márton Nagy

When adjusted for inflation, wages could stop falling in July and start rising again from August, Minister of Economic Development Márton Nagy said yesterday, commenting on June wage data released in the morning.

Nagy said real wages could grow for the full year and augured a return to real wage growth of more than 5% in 2024.

Real wages fell 3.4% in June, calculated with a consumer price index of 20.1%, according to the Central Statistical Office (KSH) data.

Nagy said CPI could fall into the single digits in October.

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