The salary increase table may change: New forecast for 6-month inflation

Making an assessment regarding salary increases, which are closely followed in the economic agenda, Özgür Erdursun shared his expectations for retiree and civil servant salaries following the March inflation data.

While conveying his inflation forecasts for the first half of the year, Erdursun pointed out that salary increases continue to erode in the face of current inflation.

While it was recalled that the lowest pension was set at 20 thousand TL in January, assessments were included stating that this level remains insufficient against the hunger threshold, which exceeds 32 thousand TL.

It was stated that the approximately 8 percent inflation difference that occurred in January and February has increased retirees' expectations regarding the salary increase to be made in July.

MARCH INFLATION EXPECTATION

Evaluating the economic data for the first quarter of the year, Özgür Erdursun stated that March inflation could materialize in the range of 3 to 4 percent in line with market expectations.

He emphasized that if these levels continue, inflation could present a higher picture in the first half of the year.

WARNING OF A RISE IN 6-MONTH INFLATION

Reminding that 6-month inflation was 16.67 percent in the same period last year, Erdursun pointed out that the rates could go higher this year.

He stated that if the current economic outlook continues, the 6-month inflation difference could approach the 20 percent level.

IT WILL BE DETERMINATIVE FOR THE JULY RAISE

According to the assessments made, it was conveyed that the rate of increase to be applied to retiree and civil servant salaries in July could be higher than expected, depending on the course of inflation.

However, it was stated that the exact raise rates will become clear after the inflation data for the first 6 months of the year is announced.

News Source: 12punto