KSH: Earnings increased by 9.1 percent

By: Trademagazin editor Date: 2021. 11. 30. 11:35

In September, average gross and net earnings were 9.1 percent higher than a year before. Growth continued to pick up after 8.9 percent in August. The average gross earnings of full-time employees were 428,100 HUF and the average net earnings excluding benefits were 284,700 HUF the Central Statistical Office (KSH) announced on Tuesday.

Wages continue to rise

With inflation at 5.5 percent in September, real earnings were 3.4 percent higher than a year ago, compared with an annual rise of 3.8 percent in August.

Gross earnings among enterprises grew by 8.0 percent and in the budget by 9.4 percent due to high wage increases in some areas. Compared to the previous month, the growth rate of enterprises accelerated by 0.8 percentage points. (MTI)