Central Bank releases inflation report: The picture for pension hikes becomes clearer!
The Central Bank of the Republic of Turkey (TCMB) has published its final Inflation Report of the year, making a significant revision to its year-end inflation forecast for 2025. This new report, in which inflation expectations have risen, has also clarified the rate of the upcoming pension increase.
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The Central Bank has raised its 2025 inflation forecast from the 25-29 percent range to the 31-33 percent band.
The report states that the median forecast is 32 percent, and based on this increase, year-end inflation is projected to exceed previous expectations.
According to the new inflation forecast, if the inflation rate is around 32 percent at the end of 2025, a 15.33 percent hike in pensions is expected in January.
With the increase implemented in July, SSK and Bağ-Kur retirees received an inflation adjustment payment of 16.67 percent.
Within the framework of the current policies of the economic administration, it is not expected that a welfare share will be added to pensions this year either. It is anticipated that the hike to be implemented this year will be based solely on the finalized inflation rate.
The exact rate of the hike to be applied to pensions will become clear following the announcement of the December inflation data by the Turkish Statistical Institute (TÜİK) on January 3, 2026.
With this data, approximately 16 million retirees and civil servant retirees will learn their salary increases.
