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Critical date at floor price

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A new mid update is expected in the base price, which was hiked in January.

The Minimum Price Fixing Board meets in December every year and decides on the floor price, which affects the incomes of millions of people, by taking ‘inflation’ as the criterion.

In an environment where the minimum price is 36.08 percent in 2022, it increased by 50.5 percent, above the expectations, and rose to 4 thousand 253 liras and 40 cents.

When the inflation rose to 61.14 percent annually in March, the discussion of medium increase at the minimum price came to the fore. Annual inflation rose to 69.97 percent in April and to 73.50 percent in May.

EYES LOOK AT THAT DATE

With the announcement of June inflation, it is expected that the medium price increase issue will become clear.

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