With inflation at 30.89% annually and 0.89% month‑on‑month in December, according to the Turkish Statistical Institute (TurkStat), the latest pension adjustments have ignited discontent among retirees. Most retired workers and tradespeople will receive only a 12.19% increase, while public servant retirees are slated for an 18.60% rise.

Premium Content

This article is available to subscribers only. Join diplomats, investors and researchers who rely on Turkey In Depth.