Wages in real terms grew markedly in Q1 2016, by 7.4 percent year-on-year, according to the latest report of the Hungarian Central Statistical Office (KSH). It's been the 39th consecutive month that trends a rise in wages.
Gross and net wages averaged HUF 253800 and HUF 168800 in Q1 2016, respectively. Taking into account family tax allowances, the average net wage is estimated at HUF 176000. Excluding public work schemes, in Q1 2016 gross wages averaged HUF 270 400 in the private sector, HUF 260 900 in the public sector and HUF 243 700 in the non-profit sector.
