Hungary’s gross wages grow by 16.5% y/y August -stats

Hungary’s gross average wages rose by an annual 16.5% in August following a 15.3% increase in July, the Central Statistics Office (KSH) said on Monday.

Wage growth was fuelled by a rise of the minimum wage, as well as previously scheduled wage hikes and supplementary wage increases, the KSH said.

(% change from pvs year) Aug 2022 July 2022 Aug 2021

GROSS WAGE GROWTH 16.5 15.3 9.1

Private sector 16.2 14.9 7.2

Public sector 16.5 12.4 10.7