Hungary’s gross average wages rose by 8.1 percent from a year earlier to HUF 433,700 in July of 2021, accelerating from a 3.7 percent increase in the previous month. Wages in the public sector rebounded sharply (11.8 percent vs -4.0 percent in June), while those in the private sector rose at a softer pace (6.2 percent vs 6.4 percent).In the January-July period, average gross earnings were up 8.4 percent from the same period of the previous year to HUF 429,000. source: Hungarian Central Statistical Office
Wage Growth in Hungary averaged 8.46 percent from 1999 until 2021, reaching an all time high of 26.19 percent in January of 2005 and a record low of -5.30 percent in January of 2009. This page provides - Hungary Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Gross Average Wage Growth - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Wage Growth in Hungary is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Gross Average Wage Growth is projected to trend around 8.20 percent in 2022, according to our econometric models.