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Hungary: Gross average salary to rise 6.7%

Consumer prices will probably be 5.8% higher this June than a year earlier and production prices will surpass the 2007 June level by 4.5%, research institute Ecostat said.

By June this year the average gross salaries of the last 12 months in the public sphere will increase by 5%, while salaries at business companies will grow by 7.5%, compared to the same period before June 2007. The average gross salary of the total national economy in Hungary is expected to grow by 6.7%, Ecostat says. By June this year, domestic sales of the industry in Hungary will have grown by 3.4%, while export sales by 11.1%, industrial production will have extended by 6.3% in the same period, Ecostat says. (Gazdasági Rádió)