March 19th, 2010

Hungary’s gross wages up 6.5% year-on-year in January

Gross wages in Hungary rose 6.5pc in twelve months in January after no change yr/yr in December 2009, the Central Statistical Office (KSH) reported on Friday.

Business sector gross wages rose 5.2pc yr/yr in January and public sector gross wages rose 8.9pc.

Net wages rose 12.9pc in twelve months in January.

Real wages were up 6.1pc yr/yr in January, calculating with a January CPI of 6.4pc, KSH said, noting that the rise reflects taxation changes and the payment of the first part of an annual wage supplement in the public sector.

Gross wages rose 0.5pc, net wages rose 1.7pc and real wages fell 2.4pc last year.

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