KSH: Gross average earnings were HUF 605,400 in February 2024, 14.0 percent higher than a year earlier

The median value of the gross earnings reached HUF 491,900, and the median value of the net earnings reached HUF 340,700, which was 16.2 and 15.3 percent higher than in the same period of the previous year.

In February, the regular gross average earnings (without premiums, bonuses, one-month special benefits) can be estimated at HUF 578,000, which is 14.4 percent higher than in the same period of the previous year. The regular gross average earnings in enterprises amounted to HUF 577,000, in the budget sector to HUF 572,900, and in the non-profit sector to HUF 602,600, rising by 13.2, 17.7, and 16.8 percent, respectively, in one year.

The net average earnings without discounts reached HUF 402,600 and HUF 417,100 with discounts, which was 14.0 and 13.8 percent higher than in February 2023, respectively.