KSH: Gross average earnings increased compared to last year

The regular gross average earnings (without premiums, bonuses, one-month special benefits) can be estimated at HUF 525,300, which is 14.9 percent higher than a year earlier. The regular gross average earnings for enterprises amounted to HUF 531,000, in the budget sector to HUF 503,200, and in the non-profit sector to HUF 532,100, rising by 15.9 percent, 12.8 percent, and 10.7 percent, respectively, in one year.

The average net salary without discounts was HUF 376,900, 16.0 percent higher than in June 2022.
Real earnings decreased by 3.4 percent, in addition to a 20.1 percent increase in consumer prices compared to the same period of the previous year. The gross median earnings were HUF 450,000, 15.6 percent higher than a year earlier. The median value of net earnings, calculated taking discounts into account, reached HUF 312,000, 15.6 percent higher than the same period of the previous year.

In January-June, the gross average salary of full-time employees was HUF 556,700. The net average earnings without discounts reached HUF 370,200, and HUF 383,800 with discounts taken into account.