Hungarian net wages are still very low with average 589 euros

Budapest, March 20 (MTI) – The average gross wage in Hungary rose by an annual 10 percent to 273,822 forints (EUR 886) in January, the Central Statistical Office (KSH) said on Monday.

Net wages grew at the same place as gross wages, also climbing by 10 percent to 182,100 forints (EUR 589).

KSH noted that wages have been boosted by a higher minimum wage as well as pay increases for social services and healthcare workers and state employees in the cultural sector.

Excluding the 189,800 Hungarians in fostered work programmes, the average gross wage rose by 9.8 percent to 288,152 forints, while net wages also increased by 9.8 percent to 191,620 forints.

Full-time fostered workers earned gross 80,094 forints on average during the month, 1.1 percent more than in the same period a year earlier.

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Calculating with January twelve-month CPI of 2.3 percent, real wages were up by 7.5 percent.

Regular gross wages rose by 10.3 percent to 261,945 forints.

Excluding fostered workers, business sector gross wages rose at a below-average rate of 9.0 percent year-on-year, and regular wages in the sector rose by 9.3 percent.

Also without fostered workers, gross public sector wages were up by 12.2 percent in the year to January, including a 12.6 percent rise in regular wages.

Source: MTI