Analysts: wage increases are driven by labor shortages
First of all, labor shortages are driving wages up and strong growth can last until the favorable pace of economic growth persists – market analysts commented on the latest report of the Central Statistical Office (KSH) that was published on Tuesday.
According to the data of the Central Statistical Office, in February the gross and net average earnings were 12.1 percent higher than a year before after the 10.6 percent increase in January. Wages increased by 11.4 percent in the first two months of the year. Real wages were 8.7 percent higher in February and 8.2 percent higher in January-February than a year before. (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 >KSH: in May, the gross average salary was 702,800 forints, 7.8 percent higher than a year earlier
In May, the average gross salary of full-time employees was…
Read more >Related news
Chicken is getting more expensive, eggs are getting more expensive – this is what awaits Hungarian consumers now
A significant price increase has taken place on the domestic…
Read more >2025 brought an unpredictable season to the stone fruit market
The 2025 stone fruit season is characterised by contrasting trends…
Read more >#MatchaTok is taking over: Japanese green tea powder has become the new favorite on social media
The #MatchaTok trend that started on TikTok has taken the…
Read more >