Türkiye to hike minimum wage 54.5% in 2023
"The net minimum wage for single people will be 8,500 Turkish liras ($455) a month, up from 5,500 liras a month ($295), President Recep Tayyip Erdoğan announced during a press conference on Thursday.
- Economy
- Anadolu Agency
- Published Date: 12:53 | 22 December 2022
- Modified Date: 12:55 | 22 December 2022
Türkiye is raising the minimum wage by 54.5% as of Jan. 1, President Recep Tayyip Erdoğan announced on Thursday.
The net minimum wage for single people will be 8,500 Turkish liras ($455) a month, up from 5,500 liras a month ($295), the president said.
According to the latest data from the Turkish Statistical Institute (TurkStat), Türkiye's annual consumer inflation rate was 84.39% in November, down from 85.51% in October.
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