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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany HICP YoY fell to 2.7% in May 2026
FMPMonthlyReleased June 2026
Germany HICP YoY fell to 2.7% in May 2026, released June 2026, down 0.2% from April's 2.9% reading. The reading matched the 2.7% consensus. The print is running well above the 12-month average of 2.36%. Over the past 3 months, HICP YoY averaged 2.82%, vs 2.03% in the prior 3-month window. The reading is in the 79th percentile of the trailing 24-month range.
Latest Release
2.7
Actual
2.7
Consensus
2.9
Previous
Median Absolute Error
±0.03 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 2.68
Actual: 2.7
Error: -0.02
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 |
|---|---|---|---|---|---|
| FTSE 100 | ▲ Direct | +0.49 | INDEX | Bullish FTSE 100 | → View |
| S&P 500 | ▲ Direct | +0.40 | INDEX | Bullish S&P 500 | → View |
| EUR/GBP | ▲ Direct | +0.32 | FOREX | Bullish EUR | → View |
| Euro STOXX 50 | ▲ Direct | +0.31 | INDEX | Bullish Euro STOXX 50 | → View |
| EUR/JPY | ▼ Inverse | −0.28 | FOREX | Bearish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
HICP YoY (Germany) was reported at 2.7% in June 2026. This matched the market consensus of 2.7% exactly. The reading fell from the previous value of 2.9%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 2.26%, ranging from 1.8% to 2.9% across 22 releases.
WHY IT MATTERS
The trailing three releases averaged 2.77%, up from the prior three at 2.27%. Volatility over the past year (σ 0.32%) is higher than the prior year (σ 0.27%). In June readings over the past 3 years, HICP YoY has averaged 2.27%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with FTSE 100 (Bullish FTSE 100). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.03%.
WHAT TO WATCH NEXT
The next release is scheduled for June 30, 2026. Same-country events in the next 14 days include Wholesale Prices MoM (Jun 15) and Wholesale Prices YoY (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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HICP YoY - DE
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About HICP YoY — Germany
DEFINITION
Germany's HICP YoY for May came in at 2.7%, matching estimates but down from April's 2.9%. This decline signals a moderation in inflation pressures compared to the previous month. Market participants will watch upcoming ECB communications closely for guidance on monetary policy. 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. 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 (May 2026): actual 2.7 %, consensus 2.7 %. Prior reading (May 2026): 2.7 %. Before that (Apr 2026): 2.9 %.
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 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 FTSE 100 (Bullish FTSE 100, r=0.49) — a useful reference for index-focused traders.