Since the hikes made at the end of June and postponed to July will not affect the inflation figures to be announced this week, retirees and civil servants will be given a lower price hike.
Immediately after the elections, a 15 percent increase in tea, sugar and 16 percent increase in fuel and electricity hikes followed these hikes followed each other.
Energy Market Regulatory Authority (EPDK) officially announced that a 15 percent increase in electricity will be made as of July 1.
Inflation figures for the first 5 months will be low
In the first 5-month period, because the local elections were on the agenda, CPI increased by 4.99 percent. After the cancellation of the Istanbul elections, the price hikes were postponed until 23 June and the inflation figures to be announced this month are expected to be low. Especially due to the low inflation figures expected by retirees and civil servants, the rate of increase will also be low. CPI, which will determine the difference in inflation for the first 6 months of the retirement of civil servants and civil servants, and the 6-month hike that workers, artisans and farmer pensioners will receive in the second 6 months, covers the January-June period.
The successive price hikes are in the 15 percent band, while at the same time the price increases are shifted to the end of June and beginning of July, so that the CPI remains around 5-6 percent in the first 6 months. If CPI remains at these levels, civil servants and civil servants retirees will be able to receive inflation difference of 1-2 percentage points in addition to the 5 percent hike in July.
Turkey Statistical Institute (TUIK), in May consumer prices 0.95 percent, in the 5-month period covering January-May increased by 4.99 percent month announced.
Speaking to the relevant newspaper, Social Security Specialist Mustafa İşcan said, "Officers and retirees are given a 5 percent increase in the first six months and inflation is given as much as 5 percent. If the first 6-month inflation rate rises to 8 percent, the salaries of civil servants and retirees will be 5+3. Workers 'and Bağ-Kurs' hikes are as much as consumer inflation in the last 6 months. Therefore, in order not to give higher hikes to civil servants and retirees, no hikes were made in June, the first 6-month inflation rate was kept low, and civil servants and all retirees were increased."