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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IrelandIreland HICP MoM fell to -0.2% in May 2026
FMPMonthlyReleased June 2026
Ireland HICP MoM fell to -0.2% in May 2026, released June 2026, down 0.7% from April's 0.5% reading. The reading missed the -0.1% consensus by 0.1%. HICP MoM has now declined for 3 consecutive months. Over the past 3 months, HICP MoM averaged 0.88%, vs 0.12% in the prior 3-month window. The reading is in the 16th percentile of the trailing 24-month range.
Latest Release
-0.2
Actual
-0.1
Consensus
0.5
Previous
Median Absolute Error
±0.06 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: -0.05
Actual: -0.2
Error: +0.15
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 |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.45 | COMMODITIES | Bullish XAU | → View |
| S&P 500 | ▼ Inverse | −0.28 | INDEX | Bearish S&P 500 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
HICP MoM (Ireland) was reported at -0.2% in June 2026. This missed the market consensus of -0.1% by 0.1%. The reading fell from the previous value of 0.5%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 0.23%, ranging from -1% to 1.8% across 21 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.07%, down from the prior three at 1.1%. Volatility over the past year (σ 0.6%) is higher than the prior year (σ 0.46%). In June readings over the past 3 years, HICP MoM has averaged 0.1%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 0.06%.
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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HICP MoM - IE
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About HICP MoM — Ireland
DEFINITION
Ireland's HICP MoM for May registered at -0.200000%, missing the -0.100000% estimate and down from April's 0.500000%. This marks a continued deflationary trend as May's reading contracts compared to April's expansion. Market focus now shifts to upcoming ECB policy signals amid persistent price declines. Updated 6/11/26
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 -0.2 %, consensus -0.1 %. Prior reading (May 2026): -0.1 %. Before that (Apr 2026): 0.5 %.
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 XAU/USD (Bullish XAU, r=0.45) — a useful reference for commodities-focused traders.