Illustration - Photo:

Gross wage up 13.5 percent

Gross wages of full-time employees was 645,300 forints in April, up 13.5 percent year on year, the Central Statistical Office (KSH) said on Friday.

The average net wage was 444,000 in April, the KSH said.

Real wages rose by 9.5 percent, calculating with April inflation of 3.7 percent.

The gross median wage increased by 16.6 percent to 516,000 forints.

Commenting on the data, state secretary for employment policy Sandor Czomba said inflation had been curbed by the government’s targeted measures and real wages had been rising for eight months in a row. This, he added, supported the expansion of consumption, boosting economic growth.

Leave a Reply