Hungary Wages and Labour Costs in Hungary

Hungarian Central Statistical Office · Quarterly · Importance

7.9% (Apr-26) YOY · % · Monthly · CSV
Period%
Apr 2026 7.9%
Jan 2026 8.1%
Oct 2025 8.5%
Jul 2025 8.1%
Apr 2025 9.5%
Jan 2025 10.2%
Oct 2024 10.0%
Jul 2024 11.8%
Apr 2024 11.7%
Jan 2024 12.3%
Oct 2023 15.0%
Jul 2023 15.7%
Apr 2023 18.0%
Jan 2023 17.4%
Oct 2022 17.3%
Jul 2022 16.6%
Apr 2022 15.1%
Jan 2022 14.4%
Oct 2021 10.1%
Jul 2021 9.6%
Apr 2021 5.0%
Jan 2021 6.5%
Oct 2020 8.7%
Jul 2020 7.5%
Apr 2020 11.9%
Jan 2020 9.8%
Oct 2019 10.3%
Jul 2019 11.1%
Apr 2019 10.7%
Jan 2019 11.3%
Oct 2018 10.9%
Jul 2018 11.3%
Apr 2018 10.6%
Jan 2018 11.5%
Oct 2017 13.3%
Jul 2017 12.2%
Apr 2017 13.0%
Jan 2017 10.6%
Oct 2016 6.5%
Jul 2016 6.0%
Apr 2016 4.4%
Jan 2016 4.4%
Oct 2015 4.9%
Jul 2015 4.4%
Apr 2015 3.9%
Jan 2015 3.6%
Oct 2014 3.9%
Jul 2014 3.6%
Apr 2014 4.2%
Jan 2014 4.3%
Oct 2013 3.7%
Jul 2013 4.0%
Apr 2013 3.8%
Jan 2013 4.3%
Oct 2012 5.6%
Jul 2012 5.9%
Apr 2012 6.0%
Jan 2012 4.3%
Oct 2011 6.2%
Jul 2011 4.5%

About this indicator

Source
Hungarian Central Statistical Office
Frequency
Quarterly
Release
About two months after the reference quarter closes.
What it is
This indicator measures the evolution of wages and labour costs in Hungary, that is, the pay received by employees. It is published by the Hungarian Central Statistical Office (KSH) and is a key gauge of household income and cost inflation.
How it's calculated
It is derived from business surveys and administrative records. The KSH publishes the average gross and net wage monthly, with its year-on-year (YoY) change in nominal and real terms (net of CPI).
Market implications
Wages are the main component of household income and a large business cost, so their path drives consumption and the inflationary pressures monitored by the National Bank of Hungary (MNB). Strong wage growth against a backdrop of high inflation reinforces the bank's restrictive stance and matters for the forint (HUF).
Limitations
It is subject to revision and sensitive to the composition of employment and to seasonal factors (bonuses, minimum-wage hikes). Public employment schemes and one-off premia can distort the year-on-year comparison of the average wage.