ISTANBUL (Reuters) – Turkey’s internet month-to-month minimal wage might be 22,104 Turkish lira ($630.36) in 2025, Turkish President Tayyip Erdogan mentioned on Tuesday, marking a 30% improve from 2024.
The minimal wage hike, which impacts some 9 million employees and is seen as a benchmark for the rise in personal sector salaries, is anticipated to raise inflation within the coming months, based on economists.
In keeping with Reuters calculations primarily based on central financial institution research, a 25% wage improve would elevate annual inflation by between 1.5 and 5 proportion factors.
Turkish inflation declined to 47.09% in November from an annual excessive of 75% in Could, primarily attributable to tight financial and monetary insurance policies. Nevertheless, the development within the print was slower than beforehand forecast based on the central financial institution.
($1 = 35.0659 liras)