Hungary's average gross earnings growth moderated in May after accelerating in the previous month, figures from the Hungarian Central Statistical Office showed on Wednesday.
Average gross earnings climbed 7.8 percent annually in May, slower than the 9.8 percent growth in April.
The average gross earnings were HUF 702,798 in May compared to HUF 708,280 in the previous month.
Net earnings increased by 7.7 percent, and real earnings were 3.2 percent higher than a year earlier.
Median gross earnings were HUF 562,300, and median net earnings were HUF 391,200, surpassing the value for the same period of the previous year by 7.9 percent and 8.2 percent, respectively.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.