Wage Growth Slowed in June
7 Articles
7 Articles
After an 8-9 percent wage increase in recent months, earnings in Hungary increased by only 7.1 percent in June.
Gross average earnings increased by 7.1 percent in one year, the last time this happened - after filtering out the distorting effects of gun money - was in 2020-21.
Half of Hungarians take home less than 438 thousand forints a month - The latest statistics are out: this is how much Hungarians earn.
To a negative surprise, the rate of increase in earnings slowed significantly in June, but its rate still significantly exceeded inflation, said Dániel Molnár, chief analyst at the Hungarian Economic Development Agency.
The median gross salary was 617,900 forints, and the median net salary was 438,000 forints. The post KSH reports average salary above 750,000 forints first appeared on 24.hu.
In June, the average gross salary of full-time employees was 754,700 forints, while the average net salary was 529,700 forints. The post The average Hungarian earns 754,000 forints according to the Central Statistical Office was first published on Most Hír.
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