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Hungary: Highest Loss in Real Wages in Five Years

Published: March 6, 2013; 16:54 · (Vindobona)

Gross salaries increased 4.6 % while net income only saw moderate rise at 2 % in 2012.

Hungary: Highest Loss in Real Wages in Five Years / Picture: © Flickr

According to the Hungarian Central Statistical Office (KSH) in Budapest, Hungary had to face the highest losses in real wages in five years time. With an inflation rate of 5.4 %, the median income in real purchasing power decreased by – 3.4 % compared with 2011. The figures become even more dramatic considering the dynamics of price trends of goods for everyday…

This article includes a total of 266 words.

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