Wage growth slows to 8.8 pc in Sept

Wage growth in Hungary slowed to an annual 8.8 percent on average in September from 9.1 percent in August, data released by the Central Statistical Office (KSH) on Monday show. In absolute terms, the average gross monthly wage for full-time employees stood at 392,300 forints (EUR 1,080). The average net wage was 260,900 forints. Calculating with a twelve-month inflation of 3.4 in September, real wage growth stood at 5.2 percent. Excluding the 90,800 Hungarians in fostered work programmes -- who earned on average gross 80,800 forints in September -- the average gross monthly wage in Hungary was 402,900 forints.