{"id":43643,"date":"2026-03-30T18:02:26","date_gmt":"2026-03-30T18:02:26","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/mart-ayinda-almanyada-uyumlastirilmis-tuketici-fiyatlari-aylik-bazda-12-artti-piyasa-beklentilerine-paralel-gerceklesti\/"},"modified":"2026-03-30T18:02:26","modified_gmt":"2026-03-30T18:02:26","slug":"mart-ayinda-almanyada-uyumlastirilmis-tuketici-fiyatlari-aylik-bazda-12-artti-piyasa-beklentilerine-paralel-gerceklesti","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/mart-ayinda-almanyada-uyumlastirilmis-tuketici-fiyatlari-aylik-bazda-12-artti-piyasa-beklentilerine-paralel-gerceklesti\/","title":{"rendered":"Mart ay\u0131nda Almanya\u2019da uyumla\u015ft\u0131r\u0131lm\u0131\u015f t\u00fcketici fiyatlar\u0131 ayl\u0131k bazda %1,2 artt\u0131, piyasa beklentilerine paralel ger\u00e7ekle\u015fti."},"content":{"rendered":"Almanya\u2019n\u0131n Uyumla\u015ft\u0131r\u0131lm\u0131\u015f T\u00fcketici Fiyat Endeksi (HICP, AB \u00fclkelerinde ayn\u0131 y\u00f6ntemle hesaplanan enflasyon g\u00f6stergesi) martta ayl\u0131k bazda %1,2 artt\u0131.\n\nMart verisi, ayl\u0131k bazda %1,2 ile beklentiye paralel geldi.\n\n

Mart Enflasyonu, Politika Alan\u0131n\u0131 S\u0131n\u0131rl\u0131yor<\/h3>\nSon Almanya enflasyon verisi, bir s\u00fcredir g\u00f6rd\u00fc\u011f\u00fcm\u00fcz tabloyu do\u011fruluyor. Ayl\u0131k %1,2\u2019lik y\u00fcksek art\u0131\u015f beklentiyle ayn\u0131 geldi\u011fi i\u00e7in piyasada ani bir s\u00fcrpriz yaratmad\u0131. Bu da Avrupa Merkez Bankas\u0131\u2019n\u0131n (ECB) faiz politikas\u0131n\u0131 yumu\u015fatmak i\u00e7in fazla alan\u0131 olmad\u0131\u011f\u0131n\u0131 g\u00fc\u00e7lendiriyor.\n\n2025 perspektifinden geriye bakt\u0131\u011f\u0131m\u0131zda, d\u00f6rd\u00fcnc\u00fc \u00e7eyrekte enerji vadeli i\u015flemlerindeki (future, belirli bir tarihte belirli fiyattan al\u0131m-sat\u0131m s\u00f6zle\u015fmesi) %15\u2019lik sert y\u00fckseli\u015f, bu sonucu neredeyse ka\u00e7\u0131n\u0131lmaz k\u0131ld\u0131. Enerji hari\u00e7 hesaplanan \u00e7ekirdek enflasyon (ge\u00e7ici oynakl\u0131\u011f\u0131 azaltmak i\u00e7in enerji gibi kalemleri d\u0131\u015far\u0131da b\u0131rak\u0131r) da \u015fubatta y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f %4,5\u2019e \u00e7\u0131kt\u0131; bu, fiyat bask\u0131lar\u0131n\u0131n kal\u0131c\u0131 hale gelmeye ba\u015flad\u0131\u011f\u0131na i\u015faret ediyor. Mart verisi, \u00f6nceki e\u011filimlerin beklenen sonucu.\n\nFaiz i\u015flemleri yapanlar i\u00e7in bu durum, Alman tahvil getirilerinde \u201cuzun s\u00fcre y\u00fcksek\u201d beklentisini peki\u015ftiriyor. Bund vadeli i\u015flemlerinde (Bund future, Alman devlet tahvili kontrat\u0131) k\u0131sa pozisyonlar (fiyat d\u00fc\u015f\u00fc\u015f\u00fc beklentisiyle a\u00e7\u0131lan i\u015flem) piyasada \u00f6ne \u00e7\u0131k\u0131yor; \u00e7\u00fcnk\u00fc getirilerde (yield, tahvilin faizi\/getirisi) daha olas\u0131 y\u00f6n yukar\u0131. Bug\u00fcn b\u00fcy\u00fck bir fiyat de\u011fi\u015fimi beklenmiyor; ancak getirilerdeki her geri \u00e7ekilme, sat\u0131\u015f f\u0131rsat\u0131 olarak g\u00f6r\u00fclebilir.\n\n

Euro\u2019ya Destek ve Piyasa Konumlanmas\u0131<\/h3>\nEuro, bu veriden destek bulabilir; \u00e7\u00fcnk\u00fc ECB\u2019nin g\u00f6rece \u201c\u015fahin\u201d (enflasyona kar\u015f\u0131 s\u0131k\u0131 duru\u015f, faizleri y\u00fcksek tutma e\u011filimi) \u00e7izgisini netle\u015ftiriyor. ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) ge\u00e7en ay faiz art\u0131r\u0131mlar\u0131na ara verebilece\u011fine dair sinyal verdi\u011fini, ABD T\u00dcFE\u2019nin (CPI, t\u00fcketici enflasyonu) son d\u00f6nemde %3,1\u2019e geriledi\u011fini g\u00f6rd\u00fck. Bu nedenle \u00f6n\u00fcm\u00fczdeki haftalarda Euro lehine pozisyonlar, \u00f6zellikle ABD dolar\u0131 kar\u015f\u0131s\u0131nda, daha g\u00fc\u00e7l\u00fc bir gerek\u00e7eye sahip g\u00f6r\u00fcn\u00fcyor.\n

\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

Almanya HICP martta ayl\u0131k %1,2 artarak beklentiyi kar\u015f\u0131lad\u0131; y\u00fcksek seyir ECB\u2019nin gev\u015feme alan\u0131n\u0131 daralt\u0131yor. Enerji ve \u00e7ekirdek bask\u0131lar Bund getirilerini yukar\u0131, euroyu dolar kar\u015f\u0131s\u0131nda destekliyor.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-43643","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/43643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=43643"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/43643\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=43643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=43643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=43643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}