Hungary’s overall gross average wage growth slowed to an annual 16.7% in November from 18.1% in October, but wage growth in the private sector still accelerated which signals the labour market remains tight even as the economy slows. After sharp rate hikes to curb inflation, central banks in Central Europe have finished or are seeking to end policy tightening, growing wary of damaging economies too much even as inflation has yet to peak in some countries, like Hungary, where annual inflation was running at 24.5% in December.
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