Hungary gross nominal wages up 9.4% yr/yr in Q1 - Stats

The number of employees in the private sector increased by 1.4% to 1.9 million, while budgetary organisations employed 1.1% less people in January-March than in the corresponding period a year earlier, the CSO added.

The gross nominal wage went up by 9.4% in the first three months of the year, while net nominal wages rose 8.0%. Real wages were up by 1.1% (at a CPI of 6.8%) in January-March from the same period in 2003.

The gross nominal wage of employees in the private sector jumped by 14.4% in March alone and was up 11.5% year on year in the first quarter of 2004, the CSO said. The annual rise at budgetary organisations was 6.4% and 6.3%, respectively, in the same periods.

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