Here is how much the average Hungarian’s salary is!

The average gross wage in Hungary grew by an annual 15.2 percent to 507,500 forints (EUR 1,265) in April, the Central Statistical Office (KSH) said on Friday.

The data for full-timers at businesses with at least five people on payroll show the average net wage rose at the same clip to 337,500 forints, while the gross median wage increased 14.3 percent to 396,800 forints. Hungary’s statutory minimum wage was raised by more than 19 percent from the start of the year, while the salaries of many people employed in the public sector also increased, putting wage growth in the double digits from January.

Real wage growth was 5.2 percent, calculating with April CPI of 9.5 percent.

Although the increase in payroll in Hungary is significant on average compared to other European countries, when you evaluate it from purchasing power standard, Hungary still remains one of the lowest European countries. According to Eurostat data they are ahead of only 5 other European countries including Bulgaria, Latvia, Slovakia, Estonia, and the Czech Republic.

Analysts told MTI that wages continued to grow at a fair clip in April amid a tight labour market, and likely future hikes could feed into stubbornly high inflation.