Turkey Raises Minimum Wage by 27%, in Line With Expectations (1)

Turkey increased the minimum wage by 27% for next year, broadly in line with inflation forecasts, in a sign policymakers remain committed to controlling price rises.

The official net minimum pay per month will be set at 28,075 liras ($655), Labor Minister Vedat Isikhan said in Ankara on Tuesday. Wall Street expects Turkish inflation to ease to about 25% by end-2026, compared with 31.1% in November.

Read More: JPMorgan Sees 25% Turkey Min. Wage Hike, Lifting Food Retailers

More than a third of Turkey’s workforce earns the minimum wage, which is also a reference point for wider salary agreements in ...