Gross wage growth accelerates to 3.2% in March

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Average gross wages in Hungary rose 3.2% year-on-year in March after a 2.7% increase in February, the Central Statistics Office (KSH) said on Wednesday. Gross wage growth accelerated from a low base a year earlier. Gross wage growth in the business sector, at 2.7% year-on-year in March, was up from 1.2% in February. Average gross regular wages – excluding premiums and bonuses – continued to grow at a higher pace in the sector than headline wages did, rising 3.2%. The average gross wage in the public sector rose 4.5% in March, slowing from a 6.5% increase in February. The average regular gross wage in the sector rose less, by 3.8%. Eliminating the effect of remuneration for fostered workers, public sector gross wages rose 4.1% in March, including a 3.4% rise of regular wages. The average gross wage of fostered workers working full-time in March was up just 0.5% in one year.

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