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

In Turkey, rent increase rates are determined based on the inflation data announced at the beginning of each month by the Turkish Statistical Institute (TÜİK). Therefore, the rent increase rate for March will be finalized with the announcement of February’s inflation data. TÜİK regularly shares economic indicators such as the consumer price index (CPI) and the producer price index (PPI) with the public every month. Homeowners and tenants are closely following the rent increase rates that will come into effect in March. Especially citizens who will renew their lease agreements during this period are continuing their research without slowing down in order to calculate their new rent prices accurately and plan their budgets effectively. The Turkish Statistical Institute (TÜİK) will announce the inflation data for February on Monday, March 3 at 10:00. The rent increase for March will also be determined based on the February inflation data. With the announcement of the inflation data for January, the rent increase rate for homes and offices was finalized. The Turkish Statistical Institute announced the inflation rates for January. The monthly inflation rate was recorded as 5.03%, while the annual rate was 42.12%. The rent increase rate for homes and offices was determined as 56.35%.

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