Analysts: a slowing, but still a significant wage growth

The wage growth is slowing, but is still significant – analysts told MTI. This year, an about 3.5 percent real wage growth can occur, according to the Savings Bank, while the ING expects a real wage growth of 2.5 percent without calculating the public employment.

According to the data of the Central Statistical Office (KSH) published on Friday, the average earnings grew by 3.6 percent in April, compared with a year earlier. Without counting the public employment it was 2.6 percent. Growth slowed compared to March, when a 4.9 and 3.2 percent annual increase occured in earnings. Calculating with the 0.3 percent annual decline in consumer prices in April real wages increased by 3.9 percent without the public employment real wages increased by rose by 2.9 percent. (MTI)