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KSH: Wage Growth Up 10.6% in December
Wage growth in Hungary was up at an annual 10.6 percent in December, up from 8.6 percent in the previous month, the Central Statistical Office (KSH) said on Thursday.
In absolute terms, the average gross monthly wage for full-time employees stood at 449,400 forints (EUR 1,250). The average net wage was 298,900 forints (EUR 830).
Calculating with a 2.7 percent twelve-month CPI in December, real wage growth stood at 7.7 percent.
In 2020, wages grew 9.7 percent on average, KSH said. Real wages grew by 6.2 percent, against a 3.3 percent rise in consumer prices, it said.
Excluding the 90,100 Hungarians in fostered work programmes – who earned on average a gross 81,900 forints in December – the average gross monthly wage in Hungary was 461,700 forints.
European Trade Union Confederation Launches Campaign for European Minimum Wage
The European Trade Union Confederation (ETUC) has launched a campaign to convince member states to stand by a European-level regulation of the minimum wage, an MEP of opposition Democratic Coalition (DK) said on Tuesday.
Klára Dobrev, a Vice-President of the European Parliament, told an online press conference on Tuesday that draft legislation on a European minimum wage was ready. “We still have a lot to do” before the directive is accepted as a mandatory decree, she added.
Dobrev called it “dramatic” that while food prices grew by 9 percent in Hungary, employees were offered a 3.6 percent wage rise for 2021.