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When will the rent increase rate be announced? Eyes on inflation data

November 1, 20241 Mins Read

The inflation figures announced in the first week of each month play a crucial role in rent hikes. The TEFE-CPİ rates gained importance with the 25% rental increase limit that ended in July 2024. TÜİK uses the Consumer Price Index (CPI) and Producer Price Index (PPI) to calculate inflation. So, when will the November rent increase rate be announced? TÜİK affects pricing policies in many sectors by announcing the inflation data for the previous month at the beginning of each month. The inflation figures announced every month have a significant impact on rent increases. When the inflation data for October is announced, the rent increase rate for November 2024 will be determined. The Turkish Statistical Institute (TÜİK) uses the Consumer Price Index (CPI) and Producer Price Index (PPI) data to calculate inflation. In September, the Consumer Price Index (CPI) showed a monthly increase of 2.97% and an annual increase of 49.38%. The Turkish Statistical Institute (TÜİK) announced the date for the release of the October inflation data. The inflation figures for October will be announced on Monday, November 4, 2024, at 10:00 am. After these inflation data, the rent increase rate for November will also be finalized.

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