Millions of civil servants and retirees have their eyes set on June inflation, which will be announced on July 3. With the announcement of June inflation, the raise rate that retirees and civil servants will receive in the second half of the year will become certain.
According to the Turkish Statistical Institute data, the Consumer Price Index (CPI), which determines the rate of increase, increased by 22.72 percent in the first 5 months of the year.
25.81 PERCENT INCREASE FOR RETIREMENT
According to the Central Bank’s Market Participant Survey, inflation will be 2.52 percent in June. According to this estimate, the 6-month inflation rate will rise to 25.81 percent.
According to the survey of the Association of Financial Institutions, inflation is expected to be 3.17 percent in June. Accordingly, 6-month inflation will be 26.61 percent. Pensions increase at the rate of 6-month inflation.
