Türkiye registers 4th consecutive month of CCI growth in Dec.

ANKARA, Dec. 20 (Xinhua) — Türkiye’s consumer confidence index (CCI) increased month-on-month by 2.6 percent to 77.4 in December, the fourth consecutive increase since September, the Turkish Statistical Institute said on Wednesday.

The index were generated from the results of a consumer tendency survey, said the institute.

The CCI offers a monthly gauge of how comfortable Turks are making various kinds of purchases, against the backdrop of a stubborn inflation rate in the country, which registered a 62 percent year-on-year rise in November.

Turkish central bank increased its policy rate by 500 basis points from 35 percent to 40 percent on Nov. 23 and is expected to further increase interest rate to establish the disinflation course.