Analysts: the rate of wage growth will not slow this year
A similar rise in wages over the past three years is expected this year, mainly as a result of a shortage of experts and 8 – 8 percent increase in the minimum wage and guaranteed minimum wage.
According to the data of the KSH, earnings increased by 10.6 percent in January compared to a year before. Calculated with 2.7 percent inflation, real earnings were 7.7 percent higher than in last January. The gross average wage was 354,200 forints without calculating the earnings of the public employees. (MTI)
Related news
Consumption drives the economy
According to the latest forecast by the Balance Institute, the…
Read more >Domestic companies are maneuvering amid increasing tensions
The average inflation in the euro area is around 2.5%,…
Read more >Related news
Extreme summer, record heat: this is how chain stores are reacting to the heat
Budapest has never experienced such a high temperature as this…
Read more >Draft decree on food vouchers for pensioners completed
The draft government decree on a 30,000-forint food voucher for…
Read more >K&H: Middle-aged people perceive inflation to be much more severe than the actual data shows
The inflation perception of middle-aged Hungarians continues to far exceed…
Read more >