Breaking news… With the announcement of the April inflation figures (CPI) by the Turkish Statistical Institute (TUIK), the rent increase rate for May 2022 has also been determined. With the statement made by TUIK, inflation data determines many rates such as rent hike, pensioner and civil servant hike. Here is the rent calculation with the rent increase rate of May 2022 after the highly anticipated April inflation data…
Breaking news… April inflation (CPI) figures have been announced by TUIK. At the same time, the rate of increase in rent was also determined. Accordingly, the rent increase rate, which was determined based on the twelve-month average of inflation figures, was 34.46% for May 2022. So, how is the rent increase rate calculated? Here are the details of the highly anticipated news…
MAY 2022 RENT INCREASE RATE IS 34.46%
After the Turkish Statistical Institute (TUIK) announced the inflation figures for April, the rent increase rate for May 2022 was also announced. The rent increase rate, which was determined based on the twelve-month average of inflation (CPI) figures, was 34.46% for May 2022.
With the April inflation rate being determined, the May 2022 rental increase rate is calculated as follows:
MAY 2022 RENTAL INCREASE RATE CALCULATION
Sample Housing Rent: ₺1.000
Rent Increase Rate: 34.46%
May 2022 Rent Increase Amount: ₺344.6
May 2022 Rent Amount Including Rent Increase Rate: ₺1,344,6
According to the figures announced, the rent increase to be paid by a tenant whose rent is ₺1000 in May 2022 is calculated as ₺344.6. Accordingly, the increased rent amount will be ₺1,344,6.
APRIL INFLATION NUMBERS ANNOUNCED
Turkish Statistical Institute (TUIK) announced April 2022 inflation (CPI) figures. Accordingly, inflation (CPI) realized as 69.97% annually and 7.25% monthly.
Source: Sabah / Translated by Irem Yildiz