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Analysts: mid-year wage increases may maintain the further rise of real wages
Thanks to the mid-year wage increases that try to keep up with inflation, even taking into account the expected strong inflation, real wages may continue to grow in the second half of the year, but if they fall behind or become moderate, then the real wage index may fall into the negative range – analysts told MTI, commenting on the May earnings data.
According to the report of the Central Statistical Office (KSH), the gross average salary in May was 495,900 HUF, 14.9 percent higher than a year before, and the net average salary, calculated taking discounts into account, rose by 15.6 percent to 342,000 HUF. (MTI)
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