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Data from Destatis. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany CPI MoM fell to -0.2% in May 2026
DestatisMonthlyReleased June 2026
Germany CPI MoM fell to -0.2% in May 2026, released June 2026, down 0.8% from April's 0.6% reading. The reading matched expectations. The print is running well below the 12-month average of 0.64%.
Latest Release
-0.2
Actual
-0.2
Consensus
0.6
Previous
Median Absolute Error
±0.02 percentage points
across last 4 releases
Last Call
Jun 2026
Predicted: -0.25
Actual: -0.2
Error: -0.05
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
CPI MoM (Germany) was reported at -0.2% in June 2026. This matched the market consensus of -0.2% exactly. The reading fell from the previous value of 0.6%. Trailing 12-month context per ETL data through June 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 EUR/GBP (Bullish EUR).
WHAT TO WATCH NEXT
The next release is scheduled for June 30, 2026. Same-country events in the next 14 days include Bundesbank Nagel Speech (Jun 18) and Producer Price Index YoY (Jun 19).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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CPI MoM - DE
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About CPI MoM — Germany
DEFINITION
Germany's CPI MoM for May came in at -0.20%, matching estimates and reversing April's 0.60% increase. May's deflationary reading signals a contraction in consumer prices compared to April's expansion. Market focus now shifts to upcoming ECB policy decisions amid persistent disinflation. Updated 6/12/26
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 (May 2026): actual -0.2 %, consensus -0.2 %. Prior reading (May 2026): -0.2 %. Before that (Apr 2026): 0.6 %.
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 EUR/GBP (Bullish EUR, r=0.47) — a useful reference for forex-focused traders.