Purchasing Power of Salaries Has Deteriorated
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Inflation increased by 20.1% in September, a 26-year record, but making it the first month when, based on statistical data, wage growth did not reach the consumer price index, meaning the purchasing power of salaries deteriorated, according to business daily Világgazdaság.
For the time being, inflation does not seem to have peaked, and as long as the price index is around 20%, it is almost certain that this state will remain.
Next year's wage dynamics promise to be much slower than this year, according to the report.
Although the 2023 wage agreement is still to come, it can already be ruled out that the minimum wage and the amount of the guaranteed minimum wage will increase again by 20% from January, the paper said.
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