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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany North Rhine Westphalia CPI MoM fell to 0.2% in August 2026
FMPMonthlyReleased August 2026
Germany North Rhine Westphalia CPI MoM fell to 0.2% in August 2026, down 0.7% from July's 0.9% reading.
Latest Release
0.200000
Actual
—
Consensus
0.900000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| FTSE 100 | ▲ Direct | +0.73 | INDEX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.70 | INDEX | Moves with | → View |
| EUR/JPY | ▼ Inverse | −0.62 | FOREX | Moves against | → View |
| DAX | ▲ Direct | +0.50 | INDEX | Moves with | → View |
| Euro STOXX 50 | ▲ Direct | +0.47 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
North Rhine Westphalia CPI MoM (Germany) was reported at 0.2% in August 2026. The reading fell from the previous value of 0.9%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.21%, ranging from -0.4% to 1.2% across 11 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.23%, down from the prior three at 0.4%. Volatility over the past year (σ 0.46%) is lower than the prior year (σ 0.76%). In August readings over the past 3 years, North Rhine Westphalia CPI MoM has averaged 0%.
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).
WHAT TO WATCH NEXT
The next release is scheduled for September 30, 2026. Same-country events in the next 14 days include Wholesale Prices MoM (Sep 15) and Wholesale Prices YoY (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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North Rhine Westphalia CPI MoM - DE
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About North Rhine Westphalia CPI MoM — Germany
DEFINITION
The North Rhine Westphalia CPI MoM is a key economic indicator that measures the monthly change in the Consumer Price Index (CPI) for the German state of North Rhine Westphalia. This indicator provides valuable insights into the inflationary pressures within the region and is closely monitored by economists, policymakers, and investors to gauge the overall health of the economy. A higher CPI MoM indicates an increase in the cost of living, while a lower CPI MoM suggests a decrease in prices. This data is crucial for making informed decisions related to monetary policy, budgeting, and investment strategies.
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 (Aug 2026): actual 0.2 %. Prior reading (Jul 2026): 0.9 %. Before that (Jun 2026): -0.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher 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 tailwind in the current projection. This indicator correlates most strongly with FTSE 100 (Bullish FTSE 100, r=0.73) — a useful reference for index-focused traders.
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Economic Calendar - DE Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | DE | Wholesale Prices MoM | 0.2 | 0.1 | -0.60 | Medium | |
| 06:00 | DE | Wholesale Prices YoY | 5.3 | 6.2 | 5.35 | Medium | |
| 09:00 | DE | ZEW Economic Sentiment Index | 34.2 | 37 | 45.25 | High | |
| 09:00 | DE | ZEW Current Conditions | -61.1 | -52.2 | -53.70 | Low | |
| 09:00 | DE | Economic Sentiment | 34.2 | 42.7 | 50.85 | Medium | |