11.03.2026 15:50
In the United States, inflation increased by 0.3 percent month-on-month in February, while annual inflation remained steady at 2.4 percent; after the data, the price of gold per gram fell from 7,360 lira to 7,330 lira.
The consumer inflation data for February in the US was largely in line with market expectations. Following the data, there was a limited pullback in the price of gold per gram.
MONTHLY INFLATION INCREASED BY 0.3%
In February, consumer inflation in the US increased by 0.3% on a monthly basis. Thus, the data presented a parallel outlook to market expectations. Annual inflation remained stable at 2.4%, indicating that price pressures have not significantly accelerated again.
The increase in inflation from 0.2% in the previous month to 0.3% in February indicated that price increases, although limited, have gained momentum again. However, the stability of annual inflation showed that overall inflation pressures remained under control.
LIMITED SLOWDOWN IN CORE INFLATION
The core consumer price index, excluding food and energy prices, presented a more balanced picture. The core CPI increased by 0.2% on a monthly basis, in line with expectations. Annual core inflation remained stable at 2.5%.
The decline of core inflation from 0.3% in January to 0.2% in February indicated a limited slowdown in the main trend of inflation. This situation shows that the rigidity in service inflation has not completely disappeared, but price pressures have not rapidly increased again.
FED'S INTEREST RATE POLICY EXPECTATIONS REMAIN UNCHANGED
The released data was not seen as likely to cause a sudden change in the Federal Reserve's monetary policy expectations. The alignment of headline and core inflation with market forecasts strengthened expectations that the Fed would keep interest rates steady at its March meeting.
Moreover, it is known that the Fed closely monitors the monthly trend of core inflation. The core inflation, which was 0.2% in February, provided a limited positive signal that inflation is in a gradual normalization process towards the target.
PULLBACK IN GOLD PRICE
Following the inflation data, there was limited movement in the markets. The price of gold per gram, which was around 7,360 lira before the announcement, fell to around 7,330 lira after the data.
The impact of fluctuations in energy prices and geopolitical developments on the inflation outlook will continue to be closely monitored in the upcoming period. It is particularly assessed that the volatility seen in oil prices in recent weeks could pose an upward risk to headline inflation in the later periods of the year.