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Macro EconomyMedium•18 April 2026•

1 min read

Hungary Records Double-Digit Real Wage Growth in February as Inflation Hits Lows

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Key Facts

1Hungary recorded double-digit wage growth in February driven by record-low inflation.

2The surge in real wage growth is expected to be temporary as inflation is projected to rise.

Hungary experienced a significant spike in double-digit real wage growth during February, fueled by sustained nominal wage hikes and record-low inflation levels. According to ING Economics, the convergence of these factors created a temporary peak in purchasing power for the Hungarian workforce. However, analysts warn that this surge is likely transitory, as inflation is projected to trend upward in the coming months. While robust wage growth supports private consumption and overall economic growth, it poses a risk of reigniting inflationary pressures. This dynamic may limit the central bank's room for further interest rate cuts, creating a complex outlook for the HUF. Market participants are closely monitoring the impact on EUR/HUF and the BUX Index as macroeconomic conditions evolve.