Thirteen percent increase in earnings over a year
In August, gross average earnings were 13.2 percent higher than a year before, the Central Statistical Office (KSH) reported on Thursday. The rate of growth was slightly different from the previous month’s 13.1 percent, but in August, the rise in bonuses and other single payments increased by 31.0 percent, with a 12.4 percent increase in earnings.
In the public sector, average wages rose by 17.8 percent, due to a jump of 82.0 percent in the one-off items, but regular wages also grew by an average of 14.4 percent. In the private sector, earnings growth was 11.5 percent, and regular payments increased by 11.6 percent. (MTI)
Related news
Low sour cherry harvest expected across Europe this year
Experts are predicting significant crop losses in sour cherry producing…
Read more >KSH: industrial producer prices decreased by 0.7 percent in May 2025 compared to the previous month, and increased by an average of 6.9 percent compared to a year earlier
In May 2025, industrial producer prices were 6.9 percent higher…
Read more >Consumption drives the economy
According to the latest forecast by the Balance Institute, the…
Read more >Related news
What makes us add the product to the cart – research
The latest joint research by PwC and Publicis Groupe Hungary…
Read more >Energy drinks are now legal: what every shopkeeper should know
New regulations on the sale of energy drinks came into…
Read more >The prices of household and hygiene products can also be tracked in the Price Watch
The online Price Monitoring System operated by the Hungarian Competition…
Read more >