Hungarian Wage Growth Slows in Fresh Risk for Sluggish Economy

Hungary registered the slowest wage growth in more than two years in May, showing consumers’ fading spending power to help reinvigorate the economy.

Salaries increased 7.7% from a year earlier at companies of at least 5 employees, data showed Wednesday, well below the lowest analyst estimate and the slowest since February 2023. That compared with a wage rise of 9.8% in April and almost 15% in May of last year.