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Data from Destatis. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany CPI YoY climbed to 2.9% in April 2026
DestatisMonthlyReleased May 2026
Germany CPI YoY climbed to 2.9% in April 2026, released May 2026, up 0.2% from March's 2.7% reading. The reading matched expectations.
Latest Release
2.9
Actual
2.9
Consensus
2.7
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 YoY (Germany) was reported at 2.9% in May 2026. This matched the market consensus of 2.9% exactly. The reading rose from the previous value of 2.7%. Trailing 12-month context per ETL data through May 2026. This is classified as a medium-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 YoY - DE
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About CPI YoY — Germany
DEFINITION
Germany's CPI YoY for April came in at 2.900%, matching estimates and up from March's 2.700%, indicating a steady inflation increase. The rise from 2.7% to 2.9% confirms ongoing price pressures in the Eurozone's largest economy. Market focus remains on upcoming ECB policy decisions amid persistent inflation. 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 can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 2.9 %, consensus 2.9 %. Prior reading (Apr 2026): 2.9 %. Before that (Mar 2026): 2.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with DAX (Bullish DE, r=0.55) — a useful reference for index-focused traders.