Wages on Rise

It gained more than 7 percent year-on-year

MH – 2016.10.19. 16:19 –

Wages in real terms gained 7.5 percent year-on-year in the first eight months of 2016, reported KSH. It shows an upward trend for the 44th consecutive month.

In January-August 2016, gross and net wages averaged HUF 257 900 and HUF 171 500 (excluding family tax allowance), respectively. Taking into account family tax allowances, the net wage was estimated at HUF 178 700. Excluding the effect of public work schemes, in the observed period gross wages averaged HUF 274 100 in the private sector, HUF 271 100 in the public sector and HUF 248 200 in the non-profit sector.