Gross wage growth accelerates to 6.5% yr/yr in August
Gross wages in Hungary rose 6.5% in August from the same month a year earlier, the Central Statistics Office (KSH) said.
Wage growth accelerated from a 6.2% increase in July.
Gross wages rose 5.4% in twelve months in the business sector, rising over the 3.4% twelve-month rise in July, and public sector gross wages were up 8.0% in the year to August as the yr/yr rise slowed from 12.9% in July.
Net wages rose 6.8% in August, the same as they rose in July. Net wages rose 7.2% in the business sector and were up 4.9% in the public sector.
January-August gross wages rose 4.3%, including 5% higher wages in the business sector and 1.6% higher wages in the public sector.
Net wages rose over twelve-month inflation of 3.6% in August and 3.9% in the first eight months.
Public sector wages include the wages of those employed in public work schemes.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.