ANKARA, Dec 27 Reuters Turkey39;s monthly minimum wage will be 17,002 Turkish lira 578.31 in 2024, Labour Minister Vedat Isikhan said on Wednesday, marking a 49 increase from the level determined in July and a 100 hike from January.

Turkey39;s annual inflation rate edged up to 61.98 in November, its highest level this year but just shy of expectations, signalling that an aggressive ratehiking cycle may be beginning to cool demand.

Inflation soared after a currency crisis at the end of 2021 and touched a 24year peak of 85.51 in October last year. This year, the lira has so far lost some 35 of its value, compounding the costofliving crisis for Turks.

1 29.3996 liras

Reporting by Ece Toksabay

Source Reuters