2026 Macro Targets Announced When the Economy Ministry released its 2026 year‑end macro targets, attention shifted to wage negotiations slated to begin at the end of the year.
Inflation Data According to TÜİK, consumer inflation (TÜFE) rose 1.84 % month‑on‑month in August 2026 and stood at 31.51 % year‑on‑year.
OVP and Central Bank Expectations The 2027‑2029 Medium‑Term Program (OVP) projects year‑end inflation at 28.4 %, while the Central Bank of Turkey expects 28 %.
These figures suggest a reference band of 25‑30 % for wage negotiations.
Minimum Wage Scenarios 25 % increase: Net 35.09 TL (38 cents) 30 % increase: Net 36.50 TL (15 cents) Negotiation Process The Minimum Wage Determination Commission, hosted by the Ministry of Labour and Social Security, will convene its first meeting in the first week of December with a 15‑member panel of workers, employers and government representatives.
This process will play a critical role in setting the 2027 minimum wage, as it has in previous years.
25-30% Increase Expected in 2027 Minimum Wage
With end‑of‑year inflation forecasts, a 25‑30% rise in the 2027 minimum wage is anticipated, raising the net salary from 28.75 TL to between 35.09 TL and 36.50 TL.
Sources
- Kesin Karar · baglanti