Hungarian wages rose less than economists estimated in March as salaries for public employees dropped from a year earlier.
The average monthly gross wage rose 2.7 percent from March 2011 to 222,741 forint ($941), the statistics office in Budapest said in a statement today. The median estimate of 13 economists in a Bloomberg survey was 6.5 percent.
Wage growth at private companies slowed to 5.8 percent in March from 8.9 percent in February while salaries for public employees dropped 4.5 percent in March after rising 2.1 percent in the previous month.
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