Turkey decided to raise the minimum wage in Country by 30% President Recep Tayyip Erdogan announced Friday, in In an effort to protect families from rising inflation.
effective as of July 1 new It was the minimum wage set Like 5,500 Turkish liras (about $330) per month, Erdogan said in a televised address in Istanbul.
The increase comes after a 50% rise. of January, which raised the minimum wage to 4,250 TL.
Driven by rising food and energy prices, annual inflation in Turkey rate It rose less than expected pace last month but still jumps to 24-year high of 73.5%.
“Inflation is a problem Not only of Turkey but of All world Erdogan, stressing that his government is determined to prioritize and deal with them challenges families facing.
According to the country’s Social Security Corporation (SGK), more from 40% of all workers in Country of about 84 million earn Minimum wage.
The government He said inflation will go down with The new An economic program that prioritizes low rates to boost production and exports and aims to achieve a current Account surplus.
Erdogan recently said he expects inflation to happen down to ‘appropriate’ levels by February and March next year.
