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FX.co ★ Hungary Wage Growth Slows Further

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typeContent_19130:::2022-07-25T14:24:00

Hungary Wage Growth Slows Further

Hungary's average gross earnings growth eased for the third straight month in June, though marginally, figures from the Hungarian Central Statistical Office showed on Monday.

Average gross earnings rose 14.9 percent year-on-year in June, slightly below the 15.1 percent growth in May.

The average gross earnings decreased to HUF 481,598 in June from HUF 492,043 in the previous month.

Net earnings grew the same 14.9 percent annually in June, following a 15.1 percent rise in the prior month. Earnings fell to HUF 320,262 from HUF 327,208 in the preceding month.

Data showed that full-time employee's gross average earnings increased 14.5 percent annually in June, after a 14.7 percent gain in May. Average net earnings with tax benefits were also 14.5 percent higher than a year ago.

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