What is the February CPI rent increase rate? Calculating rent hikes with the CPI increase rate

The rent increase rate for February 2025 has been determined following the latest announcement by TÜİK. With the January inflation data announced today by the Turkish Statistical Institute (TÜİK), the WPI-CPI figures were also released, and the February rent hike was finalized. With this development, questions such as "What is the February 2025 rent increase rate, what is the percentage, and how is it calculated?" have become a matter of curiosity for landlords and tenants. Here are the details for calculating the February CPI rent increase rate for residences and workplaces.

JANUARY 2025 INFLATION FIGURES ANNOUNCED

The Turkish Statistical Institute (TÜİK) has announced the January Consumer Price Index (CPI) data.

Accordingly, inflation in January was 42.12 percent on an annual basis and 5.03 percent on a monthly basis. The 12-month average was calculated at 56.35 percent.

Market expectations were for monthly inflation to be around 4.3 percent and annual inflation to be around 41.1 percent.

WHAT IS THE FEBRUARY 2025 RENT INCREASE RATE, WHAT IS THE PERCENTAGE?

January inflation data was announced by the Turkish Statistical Institute (TÜİK), thereby determining the ceiling increase rate for tenants in February.

The ceiling increase rate that can be applied in February for both residences and workplaces has been set at 56.35 percent.

Until July 2024, a 25 percent rent increase cap had been applied to residential rents. However, with the end of this practice, the increase cap has begun to be calculated again based on the 12-month CPI average.

FEBRUARY 2025 RENT INCREASE RATE CALCULATION

Current rent amount: 10,000 TL

Rent increase rate: 56.35%

New rent amount: 15,635 TL

For residences, the rent increase is based on the change rate according to the 12-month CPI average announced by TÜİK for the month preceding the month in which the increase will be made. The landlord has the right to make an increase equal to or lower than this rate.

For workplaces, the rent increase can be as much as the rate determined based on the contract. If the contract states that an increase will be made at the index rate announced by TÜİK, then the change rate according to the TÜİK data for the month preceding the month in which the increase will be made is calculated, and the landlord can make an increase equal to or lower than this rate.