Analysts: inflation and labor shortages are pushing up earnings

High inflation and labor shortages drive wage growth
According to a report released by the Central Statistical Office (KSH) on Tuesday last year, gross average earnings and net average earnings excluding benefits were 10.1 percent higher than a year before, and for the first time since April, the annual growth rate of earnings was in double digits. With inflation at 7.4 percent jumping to a fourteen-year high, real earnings were 2.5 percent higher than a year before. (MTI)
Related news
KSH: industrial production decreased by 3.9 percent in January
In January 2025, the volume of industrial production fell by…
Read more >The price of imported salads has increased
According to KSH data, Hungary’s head lettuce imports decreased by…
Read more >KSH: in February consumer prices exceeded those of a year earlier by an average of 5.6 percent
In February 2025, consumer prices were 5.6 percent higher than…
Read more >Related news
OKSZ: margin is not profit!
The international food retailer member companies of the National Trade…
Read more >Viktor Orbán on Kossuth Radio: traders cannot add more than 10 percent to the purchase price
Traders cannot add more than 10 percent to the purchase…
Read more >GKI Analysis: Why are food prices constantly rising?
In recent times, the rise in the prices of basic…
Read more >