Yeliz Akmaca 
Today, the inflation data for the Eurozone for the month of July was announced. The Consumer Price Index (CPI), which came in above expectations, stood at 2%.
The inflation, which was recorded at 2% in the previous period, indicates that inflationary pressures are continuing in the markets. This data is of critical importance for the monetary policy decisions of the European Central Bank (ECB).
The market expectation was at the 1.9% level. The previous period was recorded at 2%. Inflation came in above expectations. Monthly inflation was recorded at 0.1%. Core CPI (excluding food and energy), which is one of the key inflation indicators, rose to 2.9% on an annual basis.
This shows that the fundamental components of inflation are strengthening. Services sector inflation, at 1.82%, became the component with the highest annual inflation. According to the data, the annual inflation rate in the Eurozone came in above expectations, at 2%. This shows that the rate remained at the same level as the 2% recorded in June. The market expectation was 1.9%.
This situation indicates that the European Central Bank (ECB) has reached its inflation target of 2%, but that the pressures on price stability have not completely disappeared. Movements in sub-items, especially core inflation, will continue to provide important clues for the ECB’s future monetary policy decisions.
Following the news, the Bitcoin price is trading at $115,350. In short, there is an environment of uncertainty and reduced risk appetite in the markets. Investors are carefully watching Trump’s tariffs and the Fed’s interest rate policies.
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