Hungary: Nominal wages |
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Nominal wage increases slowed down in May According to the CSO, gross average wages in the economy increased by 9.6% y/y in May (after 10.6% y/y, seen in April), within which the private sector gross wage growth slowed to 8.5% y/y, from 10% y/y. Regular (ex bonuses) gross wage growth in the private sector - which is mostly monitored by the central bank – also slowed to 7.4% y/y (from 9.1% y/y, published for April), approaching the tolerance level of the central bank. Taking the fast
Filed under: Fundamental
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