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Hungary: Real Wages Declining Persistently
In the first eleven months of 2012, real wages of Hungarian workers was down by 3.5%.
Hungary: Real Wages Declining Persistently / Picture: © Vindobona.org
From January to November 2012, average gross earnings grew by 4.6%. However, the inflation came at more than 6% in the first eleven months of 2012. Moreover, the As a result, the real wages were down by 3.5% in that period. In November, the Hungarian inflation rate came at 5.2%.
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