Hungary real wage growth at 2.9pc in January-September

Budapest, November 19 (MTI) – Real wages increased by 2.9 percent in January-September this year, calculating with 5.1 percent inflation, mainly as a result of changes in personal income tax regulations, the Central Statistics Office (KSH) said on Friday.

Real wages rose 2.2 percent in September, calculating with 3.8 percent inflation.

    Twelve-month gross wage growth in Hungary picked up to 2.3 percent in September from 1.9 percent in August. Twelve-month gross wage growth in the business sector accelerated to 4.2 percent in September from 3.9 percent in August. Twelve-month gross wages in the public sector fell 1.8 percent in September after dropping 2.4 percent in August.

    In January-September, gross wages rose 2.4 percent from the same period a year earlier. Business sector wages were up 4.1 percent and public sector wages fell 1.1 percent.

    Twelve-month net wages climbed 6.1 percent in September after rising 5.8 percent in August. Net wages were up 7.3 percent in the business sector and climbed 3.8 percent in the public sector.