Hungary - Wage growth continues its ascent - October 31, 2019

Wage growth remained in the double-digit territory with robust public sector data. The Hungarian average gross and net wage growth accelerated in August by 11.5% year-on-year. The strengthening wage pressure is mainly due to the public sector, where the pace of growth picked up. After a 7.1% reading in July, August wage growth came in at 11.7% year-on-year - the second-highest this year.

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