What is the inflation difference? How much is the increase of the civil servant and the pension?

The inflation rate was announced by TURKSTAT, the inflation difference for civil servants and retired civil servants increased. 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.

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. According to TUIK, consumer inflation was 0.04 percent per month in May.

Inflation at 5 months was 15.26 in total.

There was an inflation difference of 6.72%. According to the collective agreement, with an increase of 6 percent in the second and sixth months of 2023, the total rate of increase in the current situation was 13.12 percent.

With the inflation rate announcement in June, the inflation gap will become clear.

INFLATION CONTINUES

The Turkish Statistical Institute (TUIK) has announced consumer inflation data for the month of May.

Thus, in May 2023, consumer prices were 0.04 percent compared to the previous month, 15.26 percent compared to December of the previous year, 39.59 percent compared to the same month of the previous year and 63 .72 percent based on twelve-month averages. occurred.

TurkStat announced monthly inflation of 2.39 percent and annual inflation of 43.68 percent in April.

The inflation expectation for May was 0.07 percent monthly, 39.6 percent annually in the AA survey and -0.2 percent monthly and 39.2 percent annually in the Reuters survey.

Inflation in Istanbul, announced by the Istanbul Chamber of Commerce (ITO), was 1.66 percent monthly and 56.05 percent annually in April.