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Harmonised Inflation Rate YoY climbed to 3.3 in April 2026, up 0.2 from March's 3.1 reading. The print came in cooler than the 3.5 consensus, a softer print than forecasters anticipated. Over the past 3 months, Harmonised Inflation Rate YoY averaged 2.47, vs 3.96 in the prior 3-month window. The reading is in the 53rd percentile of the trailing 24-month range.
The April 2026 reading rose from the previous value of 3.1. Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU) and positively correlated with S&P 500 (Bullish S&P 500).
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