Analysts expect a 3-4 percent average wage growth this year
Analysts polled by MTI expect a 3-4 percent average wage growth for this year, and since inflation is around 0 percent, real wages are expected to rise with the same extent of wage increases – the Ministry of National Economy (NGM) has pointed out that real wages are growing steadily for 32 months in Hungary.
According to the data published on Tuesday by the Central Statistical Office (KSH), average monthly earnings in August were 5.4 percent higher than in the same period of the previous year. Without counting the public workers the increase was 5.9 percent The growth was led by the public sector’s 8.1 percent increase in wages, while the regular premiums, bonuses and one-time benefits increased by almost three times since last August (grew by 199.8 percent), and this combination resulted in a 12.1 percent average rise in earnings, not counting the public workers. (MTI)
Related news
Table eggs rose by 30 percent in the first half of the year
According to European Commission data, the EU (EU27) was a…
Read more >Prices of light and heavy lamb continue to rise
According to European Commission data, the European Union’s imports of…
Read more >NGM: decisions have already been made on the development plans of more than fifty companies in the Demján Sándor Capital Program
Despite pressure from Brussels, the government is doing everything it…
Read more >Related news
Five major trends shaping the future of global business service centers
Leading global business services providers are responding to the challenges…
Read more >Blue Planet: food waste should be utilized as biogas or feed raw material even in the short term
Food waste should be utilized as biogas or feed raw…
Read more >The tragedy of man: ultra-processed foods are the temptations of the modern age
The proportion of ultra-processed foods (UPF) in the diets of…
Read more >