Average earnings continued to increase

full-time employees; average monthly net salary; budget and the private sector; forint/month

In February, the purchasing power of salaries increased by 3.5 percent year-on-year. The financial room for maneuver of families is constantly expanding Real wages have been continuously increasing for 1.5 years – the State Secretary pointed out.

He highlighted: compared to 2010, the average wage has more than tripled and the minimum wage has quadrupled. Salaries are worth more, so families can manage with more money and therefore spend more.

He confirmed that the government is committed to further strengthening the financial security of families, which is why it has launched Europe’s largest tax reduction program, under which mothers with three children will be fully exempt from personal income tax from October 1, 2025, and mothers with two children from 2026.

He recalled that in order to curb food prices, it has introduced a margin reduction for 30 basic food categories, which can be purchased on average 18.6 percent cheaper.