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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IcelandIceland Producer Price Index MoM climbed to 2.3% in April 2026
FMPMonthlyReleased May 2026
Iceland Producer Price Index MoM climbed to 2.3% in April 2026, released May 2026, up 0.4% from March's 1.9% reading. The print exceeded the 1.2% consensus by 1.1%. Producer Price Index MoM has now risen for 4 consecutive months. Over the past 3 months, Producer Price Index MoM averaged 1.27%, vs 2.45% in the prior 3-month window. The reading is in the 90th percentile of the trailing 24-month range.
Latest Release
2.3
Actual
1.2
Consensus
1.9
Previous
Median Absolute Error
±1.03 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 1.38
Actual: 2.3
Error: -0.92
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 |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.65 | FOREX | Bearish USD | → View |
| GBP/USD | ▲ Direct | +0.41 | FOREX | Bullish GBP | → View |
| EUR/USD | ▲ Direct | +0.41 | FOREX | Bullish EUR | → View |
| XAU/USD | ▲ Direct | +0.33 | COMMODITIES | Bullish XAU | → 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 2.3% in May 2026. This beat the market consensus of 1.2% by 1.1%. The reading rose from the previous value of 1.9%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 0.82%, ranging from -2.3% to 3.7% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 1.4%, down from the prior three at 1.93%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bearish USD). A secondary relationship exists with GBP/USD, positively correlated (Bullish GBP). Over the last 12 releases, the Sigmacast model's median absolute error is 1.03%.
WHAT TO WATCH NEXT
The next release is scheduled for June 24, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 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 rose 2.300000% in May, beating the 1.200000% estimate. This marks an increase from April's 1.900000%, indicating accelerating input cost pressures. The stronger inflation reading may influence market expectations ahead of upcoming monetary policy decisions. Updated 5/22/26
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 (Apr 2026): actual 2.3 %, consensus 1.2 %. Prior reading (Mar 2026): 1.9 %. Before that (Feb 2026): 1.7 %.
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 USD/JPY (Bearish USD, r=-0.65) — a useful reference for forex-focused traders.