Inflation in the US Met The Expectations

Inflation in the US met the expectations. In the US, the consumer price index rose 5.4 percent year-on-year in July.

In July, consumer prices in the USA increased by 0.5 percent compared to the previous month and by 5.4 percent compared to the previous year, in line with the expectations of economists. After the data was released, new intraday records were seen in US indices. The expectation of economists participating in the Bloomberg survey was that the annual increase in consumer prices would be 5.3 percent. Compared to the previous month, a 0.5 percent increase was observed in consumer prices in the country. The expectation for this data was 0.5 percent. Looking at the core inflation indicators, it was observed that consumer prices excluding food and energy increased by 0.3 percent on a monthly basis. Economists had expected an increase of 0.4 percent. On an annual basis, core inflation came in at 4.3 percent, in line with expectations. Global markets were also following the US inflation data for signals on the course of asset purchases. Inflation, which exceeded expectations, was expected to accelerate the debate on asset purchase reductions.