Hungary's Average Wage Growth Slows to Eight-Month Low in March

Average wage growth in Hungary decelerated in March, marking the slowest pace of increase since December of the previous year. The monthly growth rate moderated after wages had risen by 9.7 percent in February. The slowdown represents a cooling in Hungary's labor market dynamics, where wage increases had been running at higher rates in recent months as the economy grappled with inflation and labor shortages across various sectors.