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Hungary's gross wages grow by 17.9% y/y in Dec -stats

Reuters

BUDAPEST (Reuters) - Hungary's gross average wages rose by an annual 17.9% in December following a 16.7% increase in November, the Central Statistics Office (KSH) said on Thursday.

Wage growth was fuelled by a rise of the minimum wage, as well as previously scheduled wage hikes and supplementary wage increases, the KSH said.

(% change from pvs year) Dec 2022 Nov 2022 Dec 2021

GROSS WAGE GROWTH 17.9 16.7 9.8

Private sector 18.3 18.7 8.4

Public sector 17.6 10.5 8.2

(Reporting by Gergely Szakacs)