Hungarian Wage Growth Picks Up Again

2021. november 02.

ING Think

Wage growth is on the rise again, mainly in the private sector. The impact of the labour shortage is growing. Wage dynamics in the Hungarian economy saw further growth, according to the Hungarian Central Statistical Office data. Both gross and net nominal wages increased by 8.9% year-on-year. The main driver of the high wage growth remains the public sector where wage settlements have been setting the tone for 2021.