The officer lost 1,139 TL in two months
to the workerThe salary increases granted to civil servants and retirees at the beginning of the year almost evaporated in two months. The purchasing power of the minimum wage, which was increased to 8,506 liras at the beginning of the year, decreased to 7,261 liras in 2 months, and the purchasing power of the lowest pension to 4,695 liras out of 5,500 liras. In two months, the salary of civil servants was 1,834 TL and the pension of civil servants was 1,109 TL. Wages could not withstand the drop in inflation on paper.
LOW TO 10 THOUSAND TL
The Turkish Statistical Institute (TUIK) estimated that consumer inflation, which was 6.65 percent in January, was 3.15 percent in February. The Inflation Studies Group (ENAG), for its part, announced that inflation was 9.26 percent in January and 7.21 percent in February. Thus, the accumulated increase in inflation in the two-month period remained at 10 percent according to TURKSTAT, and reached 17.14 percent according to ENAG.
The salary of the lowest-ranking official increased 30 percent to 12,532 liras in January with the collective agreement, the inflation difference and the electoral increase. However, the purchasing power of officials decreased to 11,393 liras according to the inflation announced by TUIK in two months, and to 10,698 liras according to ENAG calculations.
The teacher’s loss of purchasing power was 2,045 liras according to the ENAG calculation, and the police officer’s loss of purchasing power was 2,618 liras. The purchasing power of the head of the department, which was 27,950 liras in January, decreased to 23,860 liras by melting 4,090 liras. In the second month of the year, there was a loss of 1,712 lira in the salary of those who work in public service personnel, which was 11,700 lira at the beginning of the year, and the loss in the purchasing power of the nurse. salary reached 2 thousand 290 liras.
Retired 805 lira, lost minimum wage 1245 lira
As inflation nearly swallowed up wage increases, minimum wage earners suffered severe income losses in the face of the high cost of living, as did retirees. In this context, the purchasing power of the lowest pensioner’s pension, which was 7,582 liras in January, decreased to 6,473 liras at the beginning of March, according to ENAG calculations. The purchasing power of the pension of the lowest pensioner worker, merchant and farmer, which was 5,500 liras, decreased to 4,695 liras. The purchasing power of the minimum wage, which was increased to 8,506 lira at the beginning of 2023, decreased by 773 lira to 7,261 lira, according to TUIK. According to ENAG, the purchasing power of the minimum wage has decreased by 1,245 liras to 7,261 liras.
Source: Sozcu

Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.