Loading page content
Data from Eurostat. Forecasts by Sigmanomics Forecast Engine.
European UnionEurozone HICP MoM fell to 0.0% in July 2026
EurostatMonthlyReleased August 2026
Eurozone HICP MoM fell to 0.0% in July 2026, released August 2026, down 0.2% from June's 0.2% reading. The reading matched the 0.0% consensus. The print is running well below the 12-month average of 0.47%. Over the past 3 months, HICP MoM averaged 0.2%, vs 0.34% in the prior 3-month window. The reading is in the 24th percentile of the trailing 24-month range.
Latest Release
0
Actual
0
Consensus
0.2
Previous
Median Absolute Error
±0 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 0
Actual: 0
Error: +0
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 |
|---|---|---|---|---|---|
| Euro STOXX 50 | ▼ Inverse | −0.53 | INDEX | Moves against | → View |
| DAX | ▼ Inverse | −0.51 | INDEX | Moves against | → View |
| FTSE 100 | ▼ Inverse | −0.50 | INDEX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.43 | INDEX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.42 | CRYPTO | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
HICP MoM (European Union) was reported at 0.2% in September 2026. The reading rose from the previous value of 0%. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 0.3%, ranging from -0.8% to 2.3% across 17 releases.
WHY IT MATTERS
The trailing three releases averaged 0.07%, down from the prior three at 0.47%. Volatility over the past year (σ 0.65%) is higher than the prior year (σ 0.47%). In September readings over the past 3 years, HICP MoM has averaged 0.27%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Euro STOXX 50 (Bearish Euro STOXX 50). A secondary relationship exists with DAX, negatively correlated (Bearish DAX). Over the last 12 releases, the Sigmacast model's median absolute error is 0%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CFTC EUR speculative net positions (Oct 30) and Inflation Rate YoY (Nov 4).
Auto-generated from current model state · Refreshes on each release · Last update September 2026.
SHARE
HICP MoM - EU
Loading chart data...
About HICP MoM — European Union
DEFINITION
The EU's HICP MoM rose by 0.20% in August, up from 0.00% in July, marking a clear acceleration in inflation. August's 0.20% increase signals renewed upward pressure on consumer prices after a flat reading the previous month. Market participants will closely watch upcoming ECB communications for guidance amid this inflation uptick. Updated 9/1/26
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 (Aug 2026): actual 0.2 %. Prior reading (Jul 2026): 0 %. Before that (Jul 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with Euro STOXX 50 (Bearish Euro STOXX 50, r=-0.53) — a useful reference for index-focused traders.
Σ
EXPECTED ZONE
SIGMANOMICS MARKET FORECAST ENGINE
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
FOREXCRYPTOSTOCKSCOMMODITIESINDICESAPI
BLSBEAFMPWORLD BANKFRED
1,456+ instruments247 indicators530+ correlationsREST + GQL API
4,151 economic indicators127 countries covered6 data sources
FREDBLSEIAECBBOJFMP
Economic Calendar - EU Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | EU | Industrial Sentiment | -3.4 | -3.9 | -3.8 | -3.60 | Low |
| 10:00 | EU | Consumer Inflation Expectation | 33.9 | 34.7 | 38 | 35.95 | Low |
| 10:00 | EU | Selling Price Expectations | 24.8 | 20.8 | 22 | 23.40 | Low |
| 10:00 | EU | Services Sentiment | 5.3 | 5.9 | 5.9 | 5.60 | Low |
| 10:00 | EU | Economic Sentiment | 96.9 | 97.5 | 97.5 | 97.20 | Medium |
| 10:00 | EU | Consumer Confidence | -17.9 | -16.8 | -17.9 | -17.90 | Low |
| 13:15 | EU | Deposit Facility Rate | 2.5 | 2.5 | 2.5 | 2.50 | High |
| 13:15 | EU | Interest Rate Decision | 2.65 | 2.65 | 2.65 | 2.65 | High |
| 13:15 | EU | Marginal Lending Rate | 2.9 | 2.9 | 2.9 | 2.90 | Low |