Euro zone inflation figures, one of the most important economic data of the week, have been announced. According to the data released at 12:00 Turkey time, the annual CPI in Europe, although expected to remain stable, decreased.
According to Eurostat data, annual inflation in the Eurozone was recorded as 5.2% against the expectation of 5.3%. Markets did not expect the CPI data, which was 5.3% in July, to change for August.
The monthly price increase in Europe was 0.5% against the expectation of 0.6%. Monthly CPI was recorded as -0.1% points for July.
The core consumer inflation figure, excluding variable energy and food prices, was 5.2% annually. Lagarde, president of the European Central Bank, commented in her statement last week that further interest rate increases were possible.