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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PortugalPortugal CPI MoM fell to 0.2% in May 2026
FMPMonthlyReleased June 2026
Portugal CPI MoM fell to 0.2% in May 2026, released June 2026, down 1.2% from April's 1.4% reading. The print came in cooler than the 0.3% consensus, a softer print than forecasters anticipated. The print is running well below the 12-month average of 1.22%.
Latest Release
0.2
Actual
0.3
Consensus
1.4
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 | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI MoM (Portugal) was reported at 0.2% in June 2026. This missed the market consensus of 0.3% by 0.1%. The reading fell from the previous value of 1.4%. Trailing 12-month context per ETL data through June 2026.
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 BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
WHAT TO WATCH NEXT
The next release is scheduled for June 30, 2026.
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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CPI MoM - PT
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About CPI MoM — Portugal
DEFINITION
Portugal's CPI MoM for May came in at 0.200000%, missing the 0.300000% estimate and down sharply from April's 1.400000%. May's inflation pace slowed significantly compared to April, indicating a marked deceleration in monthly price increases. Market focus now shifts to upcoming ECB policy signals amid easing inflation pressures. Updated 6/12/26
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 0.3 %. Prior reading (May 2026): 0.3 %. Before that (May 2026): 0.3 %.
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.