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Hungary real wages rise 3.5% in May

Gross wages in Hungary rose 6.7% in May from the same month a year earlier, the Central Statistics Office (KSH) said on Tuesday.

Wage growth accelerated from a 5.9% increase in April.

Gross wages climbed 6.4% in the business sector and were up 6.5% in the public sector.

Net wages rose 7.5% in May, decelerating from a 7.6% climb in April. Net wages rose 8.8% in the business sector and were up 3.8% in the public sector.

Real wages rose 3.5%, calculating with May CPI of 3.9%.