07.11.2025 21:07
The Central Bank of the Republic of Turkey (TCMB) has raised its year-end inflation forecast from 25-29% to a band of 31-33%. If this rate materializes, a 15.33% increase in pension payments is expected to be implemented in January. While no additional welfare payment is anticipated, the exact increase rate will be clarified with the data to be announced by TÜİK on January 3, 2026.
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The Central Bank of the Republic of Turkey (CBRT) has published the last Inflation Report of the year. In the report, the year-end inflation forecast has been raised from the range of 25-29% to 31-33%. Thus, if the CBRT's forecast materializes, a 15.33% increase in pensions is expected to be made in January.
INFLATION EXPECTATION HAS INCREASED
In the presentation made by the CBRT today, a notable revision was made in the year-end inflation expectation. The previously announced forecast of 25-29% has been raised to the range of 31-33% in the new report. The Central Bank indicated a median estimate of 32%.
15.33% INCREASE IN PENSIONS IS EXPECTED
According to the CBRT's new forecast, if inflation is realized at around 32% by the end of 2025, a 15.33% increase in pensions is expected to be made in January. In July, a 16.67% inflation difference was reflected to SSK and Bağ-Kur retirees.
NO WELFARE SHARE IS EXPECTED
In line with the current policy of the economic management, the addition of a welfare share to pensions is not expected this year either. It is anticipated that the increase rate will only be based on the confirmed inflation rate.
FINAL RATE WILL BE ANNOUNCED ON JANUARY 3
The final increase rate will be clarified after the inflation data for December, which will be announced by the Turkish Statistical Institute (TÜİK) on January 3, 2026. Approximately 16 million retirees and civil servant retirees will learn about their salary increases with this data.
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