November inflation to be announced: What will the monthly inflation rate be?
The economic world is facing a busy agenda in December. Many important data points will be released, from foreign trade figures to minimum wage negotiations, and from budget results to labor force statistics. So, when will the November inflation data be announced? Here is the answer...
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Minister of Trade Ömer Bolat will announce the foreign trade figures for November today. Last October, exports had exceeded 23.6 billion dollars with a 3.6% increase on an annual basis. There is great curiosity about what kind of trend the November figures will show in the economy.
WHEN WILL THE INFLATION DATA BE ANNOUNCED?
The Turkish Statistical Institute (TÜİK) will announce the November inflation data to the public on December 3. In October, annual inflation had fallen to its lowest level since July 2023. The impact of the November data on year-end inflation forecasts will be closely monitored.
LABOR FORCE AND INDUSTRIAL DATA TO BE ANNOUNCED ON DECEMBER 10
The industrial production index and labor force statistics for October will be released on December 10. In Turkey, the unemployment rate remained in the single digits in September, having been announced at 8.6%. Industrial data and labor force statistics will shed light on the general state of the economy.
CENTRAL BANK AND TREASURY REPORTS ARE NEXT
The Central Bank will announce the balance of payments statistics for October on December 12. Similarly, the Ministry of Treasury and Finance will announce the budget implementation results for November on December 16.
BUDGET NEGOTIATIONS BEGIN
The 2025 central government budget negotiations will begin in the Grand National Assembly on December 9 and will continue until December 20. The main outlines of the government's economic policies for the coming year will be clarified during these negotiations.
WHEN WILL THE NEW MINIMUM WAGE BE DETERMINED?
Millions of workers and employers will have their eyes on the Minimum Wage Determination Commission. The commission will hold its first meeting at the Ministry of Labor and Social Security on December 10. TÜRK-İŞ will represent the workers' side, and TİSK will represent the employers' side. At the end of the negotiations, the new minimum wage that will be valid for 2025 is expected to be announced by the end of December.