Rise in Turkey's minimum wage negated by rapid inflation in food prices
Rapidly rising inflation in food prices is negating a recent rise in Turkey’s minimum wage, Cumhuriyet said.
Turkey’s monthly minimum wage was increased by 15 percent to 2,324 liras ($336.8) at the beginning of the year.
However, its purchasing power has diminished due to inflation in basic food products between January and May, Cumhuriyet said.
Beef was sold at an average price of 46 liras ($6.67) per kilogram at the beginning of the year, and it increased to an average of 53 liras ($7.68) in May.
Onions increased in price from 2.52 liras to 3.8 liras per kilogram over the same period, while the price of potatoes rose from 2.2 liras to 4.2 liras, garlic increased from 37 liras to 70 liras, and tomatoes increased from 6.2 liras to 8.5 liras, Cumhuriyet said.
The poverty threshold for an individual in Turkey is 3,408 liras ($581), a third higher than the country’s minimum wage, according to a study by public workers' union Kamu-Sen.