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The Turkish Statistics Institute (TUIK) announced that official inflation data and rate hikes will take place in the first half of the year, it was clear to retirees. In December, the consumer price index (CPI) increased 1.25 percent per month, annual inflation was 14.6.
Almost 12 million SSK and Bağ-Kur retirees will receive a January salary increase.
Inflation in the July-December period was 8.36 percent. According to this figure, there will be an inflation increase of 4.36 percent for civil servants and retirees.
Civil servants and retirees would receive a 3 percent contract increase. Thus, civil servants and retirees will receive a total increase of 7.36 percent in January.
The lowest salary of a civil servant will increase from 3,812 lire to 4.92 lire, and the lowest pension for retired civil servants will increase from 2,814 lire to 3.21 lire.
RETIREMENT OF WORKERS
The wages of retired workers, merchants and farmers will increase by 8.36 percent.
The pension of the lowest retired worker will increase from 1335 lire to 1447 lire. The salary of the lowest merchant will increase from 1627 lire to 1763 lire.
The pension of the lowest pensioner will increase from 1534 lire to 1662 lire.
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