Analysts: real wages will rise slower due to inflation

According to analysts polled by MTI, the real wages will increase slower, due to the rising inflation.

According to the data of the Central Statistical Office (KSH) published on Tuesday, the average earnings increased by 1.5 percent in May, compared to May 2014. Wihout calculating the wages of the public workers, the increase was 4 percent.

Németh Dávid, K & H Bank’s chief analyst told that in the five months, monitored by the KSH, consumer prices fell by 0.6 percent, so real wages rose by more than 4 percent in an annual comparison. It is important, however, that inflation appears to accelerate in May and June, and in the rest of the year the for the will moderate the pace of real wage increase – he added. (MTI)