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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone CPI MoM fell to 0.1% in May 2026
FMPMonthlyReleased June 2026
Eurozone CPI MoM fell to 0.1% in May 2026, released June 2026, down 0.9% from April's 1.0% reading. The reading matched expectations. CPI MoM has now declined for 3 consecutive months.
Latest Release
0.1
Actual
0.1
Consensus
1
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 0.1% in June 2026. This matched the market consensus of 0.1% exactly. The reading fell from the previous value of 1%. Trailing 12-month context per ETL data through June 2026. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases.
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 Industrial Production MoM (Jul 15) and Balance of Trade (Jul 16).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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CPI MoM - EU
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About CPI MoM — European Union
DEFINITION
The EU's CPI MoM for May came in at 0.100000%, matching estimates but sharply down from April's 1.000000%, signaling a significant deceleration in monthly inflation. May's reading marks a clear slowdown compared to April, reflecting easing price pressures across the bloc. Market focus now shifts to upcoming ECB policy decisions amid this cooling inflation trend. Updated 6/17/26
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 (May 2026): actual 0.1 %, consensus 0.1 %. Prior reading (May 2026): 0.3 %. Before that (Apr 2026): 0.9 %.
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/USD (Bullish EUR, r=0.50) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
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