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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone CPI MoM fell to 1.0% in April 2026
FMPMonthlyReleased May 2026
Eurozone CPI MoM fell to 1.0% in April 2026, released May 2026, down 0.3% from March's 1.3% reading. The reading matched expectations.
Latest Release
1
Actual
1
Consensus
1.3
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 |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.50 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.45 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| DAX | ▲ Direct | +0.40 | INDEX | Bullish EU | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI MoM (European Union) was reported at 1% in May 2026. This matched the market consensus of 1% exactly. The reading fell from the previous value of 1.3%. Trailing 12-month context per ETL data through March 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 EUR/USD (Bullish EUR). A secondary relationship exists with EUR/JPY, positively correlated (Bullish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include New Car Sales YoY (May 27) and ECB Financial Stability Review (May 27).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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CPI MoM - EU
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About CPI MoM — European Union
DEFINITION
The EU's CPI MoM for April rose by 0.900000%, matching estimates and up from March's 0.800000%. This indicates a continued acceleration in monthly inflation, maintaining pressure on price stability. Market focus remains on ECB policy decisions amid persistent inflationary trends. Updated 5/20/26
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 0.9 %, consensus 0.9 %. Prior reading (Apr 2026): 1 %. Before that (Mar 2026): 0.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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/USD (Bullish EUR, r=0.50) — a useful reference for forex-focused traders.