In the initial seven months of 2016, wages in real terms were significantly higher year-on-year, having gained 7.4 percent, reported KSH. The upward wage growth trend has been unbroken for 43 months.
In the initial seven months of 2016, gross and net wages (excluding family tax allowances) averaged HUF 257 900 and HUF 171 500, respectively. Taking into account family tax allowances, the KSH estimates that net wages averaged HUF 178 600 in the observed period. E
Steady wage hikes, a favourable inflationary environment and rising minimum wages have maintained a wage growth trend for 43 months.
