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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IcelandIceland Producer Price Index MoM fell to -0.5% in July 2026
FMPMonthlyReleased August 2026
Iceland Producer Price Index MoM fell to -0.5% in July 2026, released August 2026, down 2.1% from June's 1.6% reading. The reading missed the 0.7% consensus by 1.2%. Producer Price Index MoM has now declined for 4 consecutive months. Over the past 3 months, Producer Price Index MoM averaged 1.8%, vs 1.97% in the prior 3-month window. Producer Price Index MoM is now the lowest in 12 months.
Latest Release
-0.5
Actual
0.7
Consensus
1.6
Previous
Median Absolute Error
±0.99 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 1.28
Actual: -0.5
Error: +1.77
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 |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.44 | FOREX | Moves with | → View |
| EUR/USD | ▲ Direct | +0.38 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.38 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index MoM (Iceland) was reported at -0.5% in August 2026. This missed the market consensus of 0.7% by 1.2%. The reading fell from the previous value of 1.6%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 1.41%, ranging from -0.5% to 3.7% across 10 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 1.03%, down from the prior three at 1.4%. Volatility over the past year (σ 1.1%) is comparable than the prior year (σ 1.16%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.99%.
WHAT TO WATCH NEXT
The next release is scheduled for September 23, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Producer Price Index MoM - IS
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About Producer Price Index MoM — Iceland
DEFINITION
Iceland's Producer Price Index MoM fell by -0.500000% in August, missing the 0.700000% estimate and reversing July's 1.600000% gain. This marks a sharp contraction after two consecutive months of expansion, signaling cooling producer price pressures. Market focus will remain on upcoming inflation data and central bank policy amid this unexpected decline. Updated 8/26/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 (Jul 2026): actual -0.5 %, consensus 0.7 %. Prior reading (Jun 2026): 1.6 %. Before that (May 2026): 2 %.
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 GBP/USD (Bullish GBP, r=0.44) — a useful reference for forex-focused traders.
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