The gross real wage decline continues

Due to the moderate wage increases in 2011, the gross real wages decreased again, so by ignoring the effects of tax changes, the workers' gross wages increased less than the inflation.

The companies raised wages with an average of 3.7 percent. By adding the about 4 percent inflation estimated by the Hungarian National Bank, this year, real wages decreased by about 0.3 percent, compared to the previous year – shows the survey of Hay Group, which based on the wage datas of about 270 thousand employees of 440, mainly multinational companies – reports Népszabadság Online.