Net wages climbed at the same pace to HUF 462,200. Real wages rose 7.9pc, calculated with a November CPI of 3.7pc.
Data released by the Central Statistics Office (KSH) on Thursday shows that the average gross wage in Hungary rose 11.9pc year-on-year to HUF 695,100 in November.
Net wages climbed at the same pace to HUF 462,200. Real wages rose 7.9pc, calculated with a November CPI of 3.7pc.
The gross median wage increased 12.5pc to HUF 550,800.
Hungary’s statutory monthly minimum wage was raised by 15pc to HUF 266,800 for unskilled laborers and by 10pc to HUF 326,000 for skilled workers from December 1, 2023.
Excluding Hungarians working full-time in fostered work programs — who earned an average gross of HUF 114,500 in November — the average gross monthly wage was HUF 706,600.
The average gross wage in the business sector, which includes state-owned companies, rose 11.3pc to HUF 695,100. The average gross wage in the public sector climbed 13.9pc to HUF 692,000. In the non-profit sector, the average gross wage increased 12.8pc to HUF 703,600.
For the period January-November, gross wages averaged HUF 639,500 and net wages came to HUF 425,200, both up 13.5pc from the same period a year earlier.
