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Hungary's gross wages rise 4.3% yr/yr in March

Gross wages rose 4.3% in the twelve months to March 2009 and net wages were up 3.3%, the Central Statistical Office (KSH) said.

January-March 2009 gross wages were down 0.3% and net wages increased 0.2% from a year earlier.

Calculated with 2.9% inflation in March and 3.0% in the first quarter, real wages remained level with March 2008 and Q1 last year.

In Q1 gross wages rose 3.4% in the business sector and fell 7.3% in the public sector. Gross wages in March rose 3.3% at businesses and dropped 0.5% yr/yr in the public sector. (MTI - Econews)