A top Turkish official reiterated on Sunday a warning against hiking prices under the pretext of the increase in the minimum wage, also suggesting that inspections in the field continue.
Trade Minister รmer Bolat pledged that the authorities will show "no tolerance" toward companies that try to use the minimum wage as an excuse to raise prices.
Speaking to Anadolu Agency (AA), he warned that opportunists may emerge following the announcement of the new minimum wage, stressing that the wage will only take effect in 2026.
The net monthly minimum wage for 2026 in the country was raised by 27% to TL 28,075 (around $655). The government has sought to limit the inflationary impact of the increase amid an ongoing disinflation program, and the hike was close in line with the expectations of around 25%.
Annual inflation in Tรผrkiye cooled to 31.1% in November, the lowest level in four years.
Bolat's remarks come f
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