Despite the virus and the economic decline, Hungarian wages still increase

Based on date of the Hungarian Central Statistical Office (KSH), a 500,000 forint (EUR 1,400) bonus for health-care professionals acknowledging their performance during the novel coronavirus epidemic lifted average wage growth in June to 15.6 percent.

Wage growth accelerated from 9.4 percent in May.

In absolute terms, the average gross monthly wage stood at 421,700 forints (EUR 1,191).

The average net wage was 280,500 forints (EUR 792).

Calculating with twelve-month CPI of 2.9 percent in June, real wage growth stood at 12.3 percent.