Increase in Social Security Payments Following Inflation

Serdar HocamAuthor & Editor

Following September inflation data, social security payments were increased, while developments on the agenda regarding Ukraine and domestic politics also came to the forefront.

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Social Security benefits to get a boost. And, Hasan Piker defends his rhetoric

Following the September inflation rates announced by the Ministry of Labor, a 3.6 percent increase will be made in Social Security payments.

Inflation and Payment Increase

According to the report shared by the Ministry of Labor, consumer prices in September increased by 3.7 percent compared to the same period of the previous year. When energy and food are excluded, core inflation reached 2.6 percent.

Following these economic developments, the Social Security Administration announced that a 3.6 percent increase will be implemented in social security payments for the coming year.

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