There is an increase limit for public transportation! Cevdet Yılmaz gave the signal for a new regulation

Vice President Cevdet Yılmaz gave a regulatory signal for local governments to increase public transportation prices above inflation. Answering questions at the AA Editor's Desk, Yılmaz said that high increases in urban transportation fees negatively affect the process of fighting inflation.

While it is stated that inflation has fallen below 30 percent and the disinflation process continues, it is pointed out that the rigidity in services inflation continues. Yılmaz also pointed out the impact of local governments' decisions on transportation prices on inflation.

"THE INCREASE SHOULD NOT BE MADE MUCH OVER INFLATION"

Evaluating the local governments' increase in urban transportation fees above inflation, Yılmaz said the following:

"Increases by local governments in urban transportation negatively affect inflation. We have a limit-setting approach. The increase should not be much higher than inflation."

Yilmaz's statement pointed out that a limiting approach to increases in public transport fares is on the agenda. However, the statement did not share details about the scope of the possible regulation, which rates will be taken as basis and when it will be implemented.