Hungary - Slowdown of gross wage growth - September 30, 2016

The average monthly wage increased by an annual 5.1 percent to 256,900 forints (835 euro) in July 2016, the Central Statistical Office (KSH) reported in September 2016. Wage growth slowed for the third month in a row after peaking this year at 6.5 percent in March and April. Net wages rose at a faster clip during the period, climbing 6.7 percent to 170,800 forints (578 euro) on the back of a one percentage point reduction in the personal income tax rate. In January-July 2016, gross wages grew by an annual 5.9 percent. KSH attributed the increase to a 5.7 percent rise in the minimum wages for skilled and unskilled workers, higher stipends for the armed forces and a salary top-up for workers in social services.

English: http://dailynewshungary.com/hungarys-gross-wage-growth-continues-slow-july/

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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