Expected salary increases for retirees are becoming clearer!

The Turkish Statistical Institute (TUIK) announced the May inflation data. These figures directly affect the salary increases for millions of retirees and civil servants. The cumulative increase in retirement salaries has reached %15.09 since January.

For civil servant retirees, an increase of %14 is expected in July. However, if this rate remains below inflation, civil servants will also receive the inflation difference.

Economist Muhammet Bayram stated that low inflation will positively affect the markets. This situation may also influence a potential interest rate cut.

As a result, the salary increase rates for retirees in July will be determined based on the May and June inflation data. Retirees will continue to update their salary calculations during this process.