Salary does not match the livelihood! When will the wavy course end?

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Lerato Khumalo

While the wavy course in the economy continues, the latest data continues to cause confusion. According to April data of Istanbul Chamber of Commerce, prices in Istanbul increased by 3.2 percent monthly. However, this rate did not occur much higher than expected when it was evaluated in the light of the agricultural frost in March and these geopolitical developments in March. On the other hand, the last report published by Türk-İş revealed that the narrow income was crushed in the face of inflation. According to the Türk-İş report, the hunger limit exceeded 24 thousand TL in April 2025. Accordingly, a family of four people only healthy, balanced and adequate nutrition needed to increase the hunger limit to 24 thousand 35 TL, while the current minimum wage was over 22 thousand 104 TL. Another data that attracted attention in the report was the poverty limit. Housing, clothing, transportation, education, health and similar expenses with a family of four people to lead a life worthy of human dignity, the poverty limit was determined as 78 thousand 292 TL.

The Central Bank increased inflation forecast to 24 percent at the end of 2025, while the inflation estimate for 2026 was determined as a 12 percent level. The Central Bank also foresees that inflation to 8 percent in 2027.

It increased to 78 thousand TL

According to the data of Türk-İş, the poverty limit of a family of four was announced in April 2024 as 49 thousand 19 TL, while this figure rose to 78 thousand 292 TL in April 2025. While the increase in the poverty limit within a year points to an increase of 59.6 percent, similar situation took place in the table of hunger limit. The hunger limit, which was announced by Türk-İş in April 2024 as 15 thousand 49 TL, increased by 59.7 percent to 24 thousand 35 TL in April 2025.

“Customs Union should be renewed”

Experts, especially in income distribution imbalance continues, while the Istanbul University Faculty of Economics Faculty Member Professor. Dr. Sefer Sener, the fluctuation in the global conjunctor, said that economies caused ups and downs. Türkiye has been struggling with inflation strongly for the last year. Dr. Şener, “In this process, the decreases in global trade can make both growth and prices fluctuating. The problem of translating the expectations in the domestic market into a positive problem leads to constant exorbitant price increases. Türkiye must renew the Customs Union agreement with the EU. This increases our competitiveness against countries like China, America and India. “

Income should be spread to the base

Structural arrangements that will make the economy strong against resentments should be implemented urgently. Dr. Şener, “Recently improvement in the current account deficit, the strong structure in the Central Bank reserves, the continuation of the increase in exports is positively reflected in the economy, while this positive atmosphere will be an important stage to reflect the citizen’s income level and the cost of living. Although the macro-economic data in Türkiye recently have progressed quite properly, More importance should be given to problems such as cost of living, exorbitant price increases and spread of income to the base “ he said.

Salary does not match the livelihood! When will the wavy course end? - Picture: 2
According to Türk-İş’s data, an increase of approximately 35.6 percent in the hunger limit in the last year and 41 percent on the poverty line.

Significant increase in the euro

On the other hand, according to data reflected from the economy, in the first four months of the year; The dollar increased by 6.9 percent and the euro increased by 18.9 percent. In April, the dollar was 1.2 percent and the euro gained 6.9 percent. Another remarkable detail is the foreign exchange position of the Central Bank. The foreign exchange position has declined to $ 7.6 billion in recent years and has experienced a significant decline.

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