Withdrawal of a 12 percent increase – Economic News


A salary of about 12.3 million pensioners will be raised in January. The rate hike will be a determinant of inflation. Inflation carried out in the second 6-month period of 2018; SSK and Bağ-Kur will show how big pension will be for pensioners, in addition to a 4% increase in the number of civil servants. Data regarding the 4-month period have been announced.

The Turkey Statistical Institute gave yesterday inflation data in October. In October, the consumer price index (CPI) rose by 2.67%. Inflation in July and October increased to 12.26%. In other words, according to the 4-month inflation rate, the pension rate of the SSK and the pensioners of Bağ-Kur was 12.26%. There are 2 data left for exact courses. In other words, inflation data from 2 months will be added, and the growth rate of pensioners SSK and Bağ-Kur will be determined. According to inflation from November and December, the current increase may be reduced or increased.

In the second half of 2018, inflation had to exceed 3.5 percent. That state officials and civil servants could obtain a difference in inflation. With a four-month inflation rate of 12.26%, inflation was 8.76% for civil servants and civil servants. In other words, according to the four-month inflation, the January increase in officials and officials increased by 12.76% (an increase of 4% + 8.76%). The final difference will be determined on the basis of inflation data announced on January 3.


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