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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustriaAustria HICP MoM fell to 0.1% in May 2026
FMPMonthlyReleased June 2026
Austria HICP MoM fell to 0.1% in May 2026, released June 2026, down 0.4% from April's 0.5% reading. The reading matched the 0.1% consensus. The print is running well below the 12-month average of 0.28%. Over the past 3 months, HICP MoM averaged 0.64%, vs 0.09% in the prior 3-month window. The reading is in the 26th percentile of the trailing 24-month range.
Latest Release
0.1
Actual
0.1
Consensus
0.5
Previous
Median Absolute Error
±0.04 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 0.15
Actual: 0.1
Error: +0.05
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.70 | COMMODITIES | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.49 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
HICP MoM (Austria) was reported at -0.4% in July 2026. The reading fell from the previous value of -0.3%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 0.27%, ranging from -0.8% to 1.1% across 21 releases.
WHY IT MATTERS
The trailing three releases averaged 0.23%, down from the prior three at 0.9%. Volatility over the past year (σ 0.45%) is higher than the prior year (σ 0.32%). In June readings over the past 3 years, HICP MoM has averaged 0%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with GBP/USD, negatively correlated (Bearish GBP). Over the last 12 releases, the Sigmacast model's median absolute error is 0.04%.
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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HICP MoM - AT
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About HICP MoM — Austria
DEFINITION
Austria's HICP MoM fell by -0.400000% in July, deepening the decline from June's -0.300000%. This marks a continued contraction in monthly inflation, reflecting persistent downward pressure on consumer prices. Market focus now shifts to upcoming ECB policy signals amid subdued inflation trends. Updated 7/31/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual -0.4 %. Prior reading (May 2026): 0.1 %. Before that (May 2026): 0.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.70) — a useful reference for commodities-focused traders.
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EXPECTED ZONE
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Economic Calendar - AT Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | AT | GDP Growth Rate YoY | 0.8 | 0.9 | 0.7 | 0.75 | Low |
| 07:00 | AT | Producer Price Index YoY | 3.1 | 2.8 | 2.7 | 2.90 | Low |
| 07:00 | AT | Producer Price Index MoM | 0.1 | 0.5 | -0.3 | -0.10 | Low |
| 07:00 | AT | GDP Growth Rate QoQ | 0 | 0.2 | 0 | 0.00 | Low |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:00 | AT | Inflation Rate MoM | -0.1 | 0 | 0.3 | 0.10 | Low |
| 07:00 | AT | Inflation Rate YoY | 2.7 | 3.2 | 3.2 | 2.95 | Low |
| 07:00 | AT | Harmonised Inflation Rate MoM | -0.4 | 0 | 0.3 | -0.05 | Low |
| 07:00 | AT | Harmonised Inflation Rate YoY | 2.6 | 3.2 | 3.4 | 3.00 | Low |