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HUNGARY GROSS WAGE 645,300 FORINTS IN APRIL, UP 13.5% YR/YR

 

Gross wages of full-time employees was 645,300 forints (EUR 1,600) in April, up by an annual 13.5%, the Central Statistical Office (KSH) said. The average net wage was 444,000 in April, KSH said. Real wages rose by 9.5%, calculating with April inflation of 3.7%. The gross median wage increased by 16.6% to 516,000 forints. Commenting on the data, state secretary for employment policy Sándor Czomba said inflation had been curbed by the government’s targeted measures and real wages had been rising for eight months in a row. This, he added, supported the expansion of consumption, boosting economic growth.