Turkey to raise minimum wage over 50% in 2022

Recep Tayyip Erdogan, Turkish President

© APA | Recep Tayyip Erdogan, Turkish President

# 16 December 2021 18:53 (UTC +04:00)

Turkey is raising the minimum wage 50.4% as of Jan. 1, President Recep Tayyip Erdogan announced on Thursday, APA reports citing Anadolu Agency.

The net minimum monthly wage will be 4,250 Turkish liras ($275), the president said.

"I believe that, with this increase, we have shown our determination not to crush our employees in the face of price hikes," Erdogan stressed.

Turkey's annual inflation stood at 21.31% in November while the 12-month average rise in consumer prices was 17.71%.

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