TURKSTAT has released inflation data for December. Accordingly, the annual inflation rate is 14.6%.

According to TURKSTAT data, the consumer price index rose by 1.25 percent in December compared to the previous month.

The increase was 14.6% compared to the same month of the previous year.

The domestic producer price index increased by 2.36% in December compared to the previous month. It stood at 25.15 percent year on year.

7.33% increase for civil servants

With the inflation figures illustrated, the rate of increase that civil servants and retirees will receive is also clear.

In January, an inflation difference of 4.33% will be given in addition to a contract increase of 3%.

Thus, civil servants and retirees will receive an overall increase of 7.33 percent. The wage increase and the inflation difference will be collected on January 15th.

The rate of increase for retirees from SGK and Bağ-Kur would be 8.37 percent.