Roundup: Türkiye enters new year with pay hikes but falling living standards

ANKARA, Jan. 11 (Xinhua) -- Türkiye has ushered in the new year with significant pay hikes for minimum-wage earners, pensioners, and civil servants amid a cost-of-living crisis that has plunged millions into financial hardship.

Inflation remains alarmingly high despite a sharp drop to 64.2 percent in December, the Turkish Statistical Institute announced on Jan. 3, down from 84.3 percent reported in November after hitting a 24-year high in October.