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wage growth

Government Action Spurs Wage Increases and Economic Optimism

In October 2024 Hungary saw a surge in wages, with the average gross income rising by nearly 13 per cent compared to last year. This growth, coupled with low inflation, marks the 14th consecutive month of significant real wage increases….

Inflation Remains Low in August, in Line with Market Expectations

According to the Hungarian minister for national economy the disinflation of food prices is driven by a significant decline in agricultural producer prices, suggesting that prices for certain food products may continue to fall in the coming months, further boosting…

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