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Purchasing power of minimum wage workers among lowest in EU

Analysis

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Despite an over 19% increase in the minimum wage from January 1, the purchasing power of minimum wage earners in Hungary is still among the lowest in the European Union, according to data released by EU statistical agency Eurostat.

The data shows Hungary's new minimum wage for unskilled workers, gross HUF 200,000 a month, calculates as PPS 859, adjusted for price level differences.

That is the fourth-lowest level among the 21 EU member states that apply a national minimum wage, but still ahead of levels in Visegrád Group members the Czech Republic (PPS 796) and Slovakia (PPS 719). Poland's minimum wage, adjusted for price level differences, is well ahead of its V4 peers: PPS 1,133.

The Eurostat data does not take into account Hungary's minimum wage for skilled workers, at gross HUF 260,000 per month, which more people earn than the minimum wage for unskilled workers.

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