Two-Month Inflation Data Clarified for SSK and Bağ-Kur Retirees' January 2027 Raise
In line with the August inflation data announced by TURKSTAT, the first two-month calculations regarding the January 2027 salary increases for millions of retirees and civil servants have taken shape.
Changes in consumer prices became clear with the August data announced by the Turkish Statistical Institute. With this development, the two-month period covering July and August has been left behind for the hike rates that SSK, Bağ-Kur, civil servants, and retired civil servants will receive in January 2027.
August Inflation Figures
According to the data shared by the Turkish Statistical Institute, consumer prices recorded a monthly increase of 1.84 percent in August 2026. The annual inflation rate reached the level of 31.51 percent.
In July, the inflation rate was realized at 1.78 percent. With these latest data announced, the two-month data period covering July and August for the January 2027 hike has been completed.
Status of SSK and Bağ-Kur Retirees
In the calculations for the January 2027 hike for SSK and Bağ-Kur retirees, the six-month period inflation increase rate covering July to December is taken directly as the basis.
According to Faruk Erdem's assessments, if the Central Bank's year-end inflation forecast of 28 percent is realized, the increase is expected to be around 8.70 percent. With the market participants survey expectation, this rate can rise to the level of 9.91 percent.
Calculation for Civil Servants and Retired Civil Servants
For civil servants and retired civil servants, the two-month cumulative rate covering July and August was calculated as 3.65 percent. Collective bargaining provisions determine the process for this group.
The portion of the six-month inflation exceeding the 4 percent collective bargaining hike will be reflected as an inflation difference. The 5 percent collective bargaining hike determined for the first half of 2027 will be added on top of this difference.
Date When Definite Rates Will Be Announced
The definite hike rates that will affect the salaries of millions of employees and retirees will become clear with the inflation data for the remaining months of the year.
Following the public announcement of the September, October, November, and December inflation data by the Turkish Statistical Institute, the final rates will gain certainty.