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KSH: Wage Growth Up 10.6% in December

2021. február 25.

Hungary Today

Wage growth in Hungary was up at an annual 10.6 percent in December, up from 8.6 percent in the previous month, the Central Statistical Office (KSH) said on Thursday. In absolute terms, the average gross monthly wage for full-time employees stood at 449,400 forints (EUR 1,250). The average net wage was 298,900 forints (EUR 830).Calculating with a 2.7 percent twelve-month CPI in December, real wage growth stood at 7.7 percent.

In 2020, wages grew 9.7 percent on average, KSH said. Real wages grew by 6.2 percent, against a 3.3 percent rise in consumer prices, it said.

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featured image illustration via Márton Mónus/MTI