KSH: earnings increased by 9.1 percent in February

In February, average gross earnings were 377,300 HUF, 9.1 percent higher than a year earlier. The economic consequences of the coronavirus pandemic have not yet affected the first two months of the year, so its effects are not yet felt in the earnings data – the Central Statistical Office (KSH) reported.

The average gross earnings of 387 thousand 300 HUF and net net earnings of 257 thousand 600 HUF excluding public employees were 8.6 percent higher than in February last year and correspond to a 4.0 percent increase in real earnings calculated with 4.4 percent inflation, while the comprehensive average earnings of 9.1 percent calculated in real terms, while the increase in real terms was 4.5 percent. (MTI)