Millions of minimum wage earners, civil servants, and retirees are eagerly waiting for the salaries and pensions they will receive in 2025. The inflation rate is of great importance for both civil servants and retirees' raises. There is only one last piece of data left to determine the raise for civil servants and retirees. It is expected that the inflation rate in December will be between 2 and 3 percent. Minimum wage earners, retirees, and civil servants are eagerly awaiting the raise they will receive in the new year. The minimum wage increase will be determined by the Minimum Wage Determination Commission. The commission, which held its first meeting on December 10, will hold its second meeting on Monday, December 16. In the case of civil servants and retirees, inflation rates will be decisive. SSK and BAĞ-KUR retirees will receive a raise based on the 6-month inflation for the second half of 2024. Civil servants and civil servant retirees will receive a 6% raise from the collective agreement and the inflation difference in the first half of 2025. WHAT IS THE RAISE RATE ACCORDING TO 5-MONTH INFLATION?The monthly inflation was 3.32% in July, 2.47% in August, 2.97% in September, 2.88% in October, and 2.24% in November. According to the 5-month inflation covering the period from July to November, SSK and BAĞ-KUR retirees have already guaranteed a raise of 14.57%. Civil servants and civil servant retirees have pocketed a raise of 10.4% by adding the 4.15% inflation difference to the 6% collective agreement raise. WHAT ARE THE ESTIMATES FOR DECEMBER INFLATION?The raise for civil servants and retirees will be finalized with the announcement of the December inflation. According to a report in Türkiye Gazetesi, it is expected that the inflation in December will be between 2 and 3 percent. If December inflation is 2%:Annual inflation: 45.76% Inflation for the second half of 2024: 16.86% Raise for SSK and BAĞ-KUR retirees: 16.86% Raise for civil servants: 12.86% If December inflation is 2.5%:Annual inflation: 46.46% Inflation for the second half of 2024: 17.81% Raise for SSK and BAĞ-KUR retirees: 17.81% Raise for civil servants: 13.81% If December inflation is 3%:Annual inflation: 47.19% Inflation for the second half of 2024: 18% Raise for SSK and BAĞ-KUR retirees: 18% Raise for civil servants: 14%
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