Hungary's wage growth slowed in November, with average earnings rising 11.9% year-over-year.
Hungary's wage growth slowed in November, with average gross earnings rising 11.9% year-over-year to HUF 695,109, down from a 12.9% increase in October. Net earnings also rose 11.8%, while real earnings increased by 7.9%. Median gross and net earnings saw increases of 12.5% and 13.3%, respectively. The minimum wage was raised by 15% for unskilled workers and 10% for skilled workers starting December 1, 2023.
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