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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SlovakiaSlovakia Harmonised Inflation Rate MoM climbed to 0.5% in April 2026
FMPMonthlyReleased May 2026
Slovakia Harmonised Inflation Rate MoM climbed to 0.5% in April 2026, released May 2026, up 0.5% from March's 0.0% reading. The print came in hotter than the 0.4% consensus, a hotter print than forecasters anticipated. The print is running well above the 12-month average of 0.33%. Over the past 3 months, Harmonised Inflation Rate MoM averaged 0.7%, vs 0.1% in the prior 3-month window. The reading is in the 83rd percentile of the trailing 24-month range.
Latest Release
0.5
Actual
0.4
Consensus
0
Previous
Median Absolute Error
±0.14 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 0.68
Actual: 0.5
Error: +0.18
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 |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.86 | CRYPTO | Bullish BTC | → View |
| S&P 500 | ▲ Direct | +0.52 | INDEX | Bullish S&P 500 | → View |
| XAU/USD | ▲ Direct | +0.50 | COMMODITIES | Bullish XAU | → View |
| GBP/USD | ▲ Direct | +0.29 | FOREX | Bullish GBP | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Harmonised Inflation Rate MoM (Slovakia) was reported at 0.5% in May 2026. This beat the market consensus of 0.4% by 0.1%. The reading rose from the previous value of 0%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 0.38%, ranging from -0.3% to 2% across 12 releases.
WHY IT MATTERS
The trailing three releases averaged 0.87%, up from the prior three at 0.1%. Volatility over the past year (σ 0.53%) is comparable than the prior year (σ 0.55%). In May readings over the past 3 years, Harmonised Inflation Rate MoM has averaged 0.33%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.14%.
WHAT TO WATCH NEXT
The next release is scheduled for June 17, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Harmonised Inflation Rate MoM - SK
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About Harmonised Inflation Rate MoM — Slovakia
DEFINITION
The Harmonised Inflation Rate MoM (Month-over-Month) is a key economic indicator that measures the change in the overall price level of goods and services in a country over a one-month period. It takes into account the prices of a wide range of consumer goods and services, providing a comprehensive view of inflation trends. This indicator is used by policymakers, investors, and businesses to monitor and analyze the impact of inflation on the economy and make informed decisions. A higher Harmonised Inflation Rate MoM indicates an increase in prices, while a lower rate suggests a decrease in inflation.
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 (Apr 2026): actual 0.5 %, consensus 0.4 %. Prior reading (Mar 2026): 0 %. Before that (Mar 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with BTC/USD (Bullish BTC, r=0.86) — a useful reference for crypto-focused traders.