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Gross wage growth reaches 10.9 pc in May

July 20th, 2018

The average gross monthly wage in Hungary stood at 327,500 forints (EUR 1,000) in May, up 10.9 percent year-on-year, the Central Statistical Office (KSH) said on Friday. Gross wage growth has been in the double digits since early last year, lifted by an agreement on minimum wage increases as well as a labour shortage. The average monthly wage included about 18,964 forints in bonuses and benefits. The average net monthly wage was 217,800 forints.


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