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Stats Office: Average Gross Wage In Hungary Up By Annual 6,9 Percent In August

By Tamás Székely // 2016.10.20.

The average gross wage in Hungary was 258,260 forints (EUR 843) in August, up by 6.9% from the same month a year earlier, the Central Statistical Office (KSH) reported.



Net wage growth outpaced the increase, rising by 8.5% to 171,744 forints, on the back of a one percentage point cut in the personal income tax rate from January. KSH noted that wages are boosted this year by a 5.7% increase in the gross minimum wage, a wage rise for the Armed Forces and a wage supplement paid to social sector employees.

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