How much is the inflation difference? Inflation difference October 2023…
The inflation difference is paid to the salaries of civil servants and retirees twice, in January and July. Following the inflation rates announced in the last four months, the inflation gap began to emerge. If the rate of increase that civil servants and retired officials receive in the collective agreement is less than the semiannual inflation rate, the inflation difference is paid as much as the difference.
HOW MUCH IS THE INFLATION DIFFERENCE?
The inflation difference in July, August, September and October 2023 was 29.41 percent. After the November and December inflation rates are announced, the inflation difference that will be given as an increase will be determined.
The Central Bank places its inflation forecast for 2023 between 59 and 67 percent.
HOW MUCH WILL THE POWER INCREASE BE?
The increase in salaries of public officials and pensions will be the sum of the increase in collective bargaining and the inflation difference. In the 2023 collective agreement, the increase rate granted to civil servants and retirees was set at 10 + 6 percent. Thus, it has already been confirmed that the increase in civil servants’ salaries and pensions will be at least 40.39 percent.
The increase for SSK and Bağ-Kur retirees has been concluded. There will be an increase of at least 29.41 percent in the salaries of SSK and Bağ-Kur retirees.
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.
