
With the announcement of October inflation, single-digit expectations for the pension raise in January were shelved.
AI-generated summary
In previous periods of the year, CBRT projections indicated that the pension raise could be single digit.
SINGLE DIGIT EXPECTATION HAS DISAPPEARED
So, what will be the picture at the end of the year?
Central Bank (CBRT) projections and market expectations made earlier in the year indicated that the six-month raise rate for retirees could remain between 8.70 percent and 9.97 percent, that is, in single digits. However, with the announcement of October inflation, this possibility has almost completely disappeared.
After the four-month increase rate reaches 8.28 percent, inflation in November and December must be at very low levels, such as 0.8 percent on average, in order for the January increase to remain below 10 percent (single digit). For this reason, it is thought that the "single digit" predictions of the past are now completely shelved.
AI outlook — possibilities, not facts
In order for the January increase to remain below 10 percent, November and December inflation will need to be 0.8 percent.
Possible · Within months

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