Inflation data and expectations for the January 2027 retiree raise

Three-month inflation data has become clear regarding the raise rate that millions of SSK and Bağ-Kur retirees will receive in January. In line with existing data, a 5.5 percent increase is finalized, while in light of economists' expectation surveys, it is calculated that the raise rate could reach the 10.09 percent level.

SSK and Bağ-Kur retirees receive a raise every year in January and July at the rate of inflation belonging to the previous six-month period. While the first three months of the six-month data that will determine the increase in January 2027 have passed, a 5.5 percent increase has been finalized with the inflation difference related to this period. While the announcement of October inflation data is awaited, AA Finance's Inflation Expectation Survey served as a guide for raise estimates.

The October inflation expectation of the economists participating in the survey was recorded at 2.2 percent, and the end-of-year 2026 inflation expectation at 29.64 percent. If these estimates materialize, the CPI rate in the second half of 2026 will be 10.09 percent, and SSK and Bağ-Kur retirees will receive a raise in January in accordance with this rate.

Evaluation: If this rate is reflected on the current base salary of 23,552 liras, it is projected that the lowest retiree pension payment could rise to 25,928 liras in January. Retirees will learn the definitive raise rates at the beginning of 2027.