Hungary - Average gross wage increased by 10% in one year - March 31, 2017

The average gross wage rose by an annual 10 percent to 273,822 forints (886 euro) in January 2017, according to the Central Statistical Office (KSH). Net wages grew at the same place as gross wages, also climbing by 10 percent to 182,100 forints. Among others, the rise in the minimum wage and the guaranteed minimum wage of 15% and 25%, respectively, as well as the salary adjustment in new areas of the public sector – affecting among others those working in health and cultural fields – had an impact on earnings growth. In the 1st month of 2017, the rise of average net earnings was equal to that of average gross earnings.

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