Turkey raises minimum wage by 34% to address inflation
Turkey has raised monthly minimum wage by another 34%, coming into effect on July 1. This will bring it to a net 11,402 lira ($483) for the second half of the year in an effort to address soaring inflation. Inflation is well above the official 5% target and touched a 24-year peak of 85.5% in October, prompting Ankara to raise the minimum wage by 100% over the course of last year. Annual
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