April gross average earnings were HUF 400,200, 7.8 percent higher than a year earlier, an incredible result in a month that was most affected by COVID-19.
Due to the coronavirus, the growth rate of earnings slowed down versus the 9 percent growth seen in the same period last year, according to the Central Statistical Office.
With 2.4 percent inflation in April, real earnings were 5.3 percent higher than in April 2019, excluding public employees. April saw the lowest wage increase since December 2016.
Net average earnings excluding discounts increased by 8.7 percent to an average of HUF 258,000, and net earnings including discounts increased by 9 percent versus the same period last year to HUF 266,700.
In the public sector, average earnings increased by 8.2 percent to HUF 308,500 in April year over year, while in the corporate sector, the Central Statistical Office measured a more moderate gross wage increase of 7.7 percent, hitting an average of HUF 420,200.
In manufacturing, average wages increased by only half a percent in one year, although the amount still reached HUF 409,500. Compared to manufacturing, wages rose significantly in construction, by 12.2 percent, and in healthcare, by 14.2 percent.
Sándor Bodó, Secretary of State for Employment Policy of the Ministry of Innovation and Technology, emphasized that the increase in salaries has been going on for 88 months.
The highest paying jobs in the private sector are in finance, HUF 732,200, information and communications technology, HUF 679,900, and energy, HUF 623,800.