KSH: Earnings grew by 10.1 percent last November

By: Trademagazin editor Date: 2022. 01. 25. 11:40

In November last year, the average gross earnings of full-time employees were 482,400 HUF, and the average net earnings excluding benefits were 320,800 HUF, both 10.1 percent higher than a year before, the Central Statistical Office (KSH) reported on Tuesday.

Earnings have grown by more than ten percent in a year

For the first time since April, the annual rate of increase in earnings has been in double digits again.

With inflation at 7.4 percent jumping to a fourteen-year high, real earnings were 2.5 percent higher than a year before.

According to a survey covering the entire range of employers, ie enterprises with less than five employees, the average gross earnings were 421,100 HUF, which is 8.8 percent higher than a year before. (MTI)