What was the inflation difference? Inflation gap April 2023…

Officers and retired officers are paid an inflation difference equal to the difference if the raise they receive in the collective bargaining agreement is less than the 6-month inflation rate. In April, the inflation gap continued to widen.

HOW MUCH IS THE DIFFERENCE FROM INFLATION?

Inflation, which continued to rise, evaporated the 8 percent increase in collective bargaining granted to officials and retirees during the first 6 months of the year.

The Turkish Statistical Institute (TUIK) announced inflation of 6.65 in January, 3.15 in February, 2.29 in March and finally 2.39 in April. Inflation for 4 months was 15.21 in total.

Millions of civil servants and retirees have already received an inflation difference of 6.68 percent.

With the announcement of the inflation rates for May and June, the inflation gap will become clear.

INFLATION CONTINUES

The Turkish Statistical Institute (TUIK) announced consumer inflation data for April. Thus, in April 2023 consumer prices increased 2.39 percent compared to the previous month, 15.21 percent compared to December of the previous year, 43.68 percent compared to the same month of the previous year and 67.20 percent. cent on a twelve-month average. . .
TurkStat announced monthly inflation of 2.29 percent and annual inflation of 50.51 percent in March.

The inflation expectation for April was 2.65 percent monthly, 44.06 percent annually in the AA survey and 2.6 percent monthly and 44 percent annually in the Reuters survey.

The Istanbul Chamber of Commerce (ITO) announced that inflation in Istanbul in April was 4.57 percent monthly and 62.46 percent annually.