How much is the difference in inflation in November, how much will the official’s increase be?

As the inflation rate became clear, the inflation gap emerged in November. Inflation, which broke a record every month, fell for the first time in months due to the base effect. The inflation difference will materialize after the figures that will be announced in December, and the increase in civil servants and retired civil servants will be determined.

HOW MUCH WILL THE OFFICER’S SALARY INCREASE?

If the rise in inflation continues in the same way until the end of the year, civil servants and retirees will receive a 17.35 percent increase, while retired merchants and farmers will receive a 16.27 percent increase.

The Central Bank’s year-end forecast also indicated that the increases would be 17.13 percent and 16.05 percent, respectively.

HOW MUCH IS THE DIFFERENCE FROM INFLATION?

Inflation, which was 84.39%, almost wiped out the increase granted to civil servants and pensioners for the second half of the year. Millions of civil servants and retirees have already received an inflation difference of 15.11 percent.

HOW MUCH WAS THE INFLATION RATE?

The Turkish Statistical Institute (TUIK) announced the inflation figures for November. Annual consumer inflation (CPI), which was 85.51 percent in October, was 84.39 percent in November. In November, monthly inflation was 2.88 percent.

Thus, with the entry into force of the base effect in November, inflation decreased slightly from the maximum level of the last 24 years. The expectation of the economists who participated in the Reuters poll was that consumer prices would rise 3 percent per month and 84.65 percent annually.