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Gross wages grow by 12.6 pc in April

June 21st, 2018

The average gross monthly wage of full-time employees in Hungary stood at 340,600 forints (EUR 1,049) in April, up by an annual 12.6 percent, the Central Statistical Office (KSH) said. Gross wage growth has been in the double digits since early last year, lifted by the minimum wage agreement and labour shortage. The average monthly wage included about 35,700 forints in bonuses and benefits. The average net monthly wage was 226,500 forints. Real wage growth came to 10.1 percent, calculating with an April CPI of 2.3 percent. Excluding some 119,000 Hungarians in fostered work programmes, gross wages rose by 11.6 percent to 353,700 forints, and net wages stood at 235,200 forints. Fostered workers earned a gross monthly 82,100 forints on average in April.


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