KSH: earnings grew by 12.4 percent in the first quarter

With the 11.3 percent increase in March, earnings grew by 12.4 percent in the first quarter of this year compared to the same period of last year – the Central Statistical Office (KSH) announced on Wednesday. In March and in the first quarter, real earnings rose 9.1 percent and 10.2 percent in a year-on-year comparision, with a 2.0 percent inflation rate.

In the first quarter, gross average earnings reached 316,268 HUF and net 210,398 HUF without the family allowance. This year the family tax allowance for families with two children continued to increase, with the average net earnings being estimated to be 218,900 HUF, according to the KSH. (MTI)