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Data from Destatis. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany CPI MoM fell to 0.6% in April 2026
DestatisMonthlyReleased May 2026
Germany CPI MoM fell to 0.6% in April 2026, released May 2026, down 0.5% from March's 1.1% reading. The reading matched expectations. The print is running well below the 12-month average of 0.93%.
Latest Release
0.6
Actual
0.6
Consensus
1.1
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| DAX | ▲ Direct | +0.55 | INDEX | Bullish DE | → View |
| EUR/USD | ▲ Direct | +0.50 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/CHF | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI MoM (Germany) was reported at 0.6% in May 2026. This matched the market consensus of 0.6% exactly. The reading fell from the previous value of 1.1%. Trailing 12-month context per ETL data through May 2026. This is classified as a high-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with DAX (Bullish DE). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR).
WHAT TO WATCH NEXT
The next release is scheduled for May 29, 2026. Same-country events in the next 14 days include Unemployment Rate (May 29) and Unemployed Persons (May 29).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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CPI MoM - DE
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About CPI MoM — Germany
DEFINITION
Germany's CPI MoM for April came in at 0.60%, matching estimates and down from March's 1.10%. The slowdown in inflation growth indicates easing price pressures compared to the previous month. Market focus now shifts to upcoming ECB policy decisions amid this moderation. Updated 5/12/26
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. Surprises against consensus typically move rates and currencies on release. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 0.6 %, consensus 0.6 %. Prior reading (Apr 2026): 0.6 %. Before that (Mar 2026): 1.1 %.
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 DAX (Bullish DE, r=0.55) — a useful reference for index-focused traders.