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CPIF MoM held to -0.6 in April 2026. The print came in cooler than the -0.2 consensus, a softer print than forecasters anticipated. The print is running well below the 12-month average of 0.09. Over the past 3 months, CPIF MoM averaged 0.08, vs 0.04 in the prior 3-month window. CPIF MoM is now the lowest in 18 months.
The May 2026 reading was unchanged from the previous value of -0.6. Historically, this indicator is negatively correlated with DAX (Bearish DAX) and negatively correlated with Euro STOXX 50 (Bearish Euro STOXX 50).
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