Former Central Bank Chief Economist delivers bad news to civil servants and retirees who rejoice when inflation is high

Former Central Bank Chief Economist Prof. Dr. Hakan Kara announced the bad news to civil servants and retirees who rejoice when inflation is high in a post on his social media account.

Kara warned, "In the current system, high inflation constantly works against them."

Stating that the raise melts away with January inflation before it even enters their pockets, Kara argued that the "illusions" recently experienced in the economy should be taught in the high school curriculum.

BAD NEWS FOR THOSE WHO REJOICE

In his social media post, Kara stated, "A 11.5% raise was given to civil servants and civil servant retirees for the first half of 2025. Half of the raise was compensation for past inflation, and the remaining half was eroded by January inflation."

In the continuation of his post, Kara made an assessment regarding civil servants and retirees whose wages are raised based on past inflation, stating, "I have come across many civil servants and retirees who rejoice when inflation is high, because they receive raises based on past inflation.

However, in the current system, high inflation constantly works against them.

It is necessary to put all these illusions in the economy into the high school curriculum and teach them to everyone."

News Source: 12punto