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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IcelandIceland Producer Price Index MoM fell to 1.6% in June 2026
FMPMonthlyReleased July 2026
Iceland Producer Price Index MoM fell to 1.6% in June 2026, released July 2026, down 0.4% from May's 2.0% reading. The print exceeded the 0.1% consensus by 1.5%. Producer Price Index MoM has now declined for 3 consecutive months. Over the past 3 months, Producer Price Index MoM averaged 2.15%, vs 1.27% in the prior 3-month window. The reading is in the 68th percentile of the trailing 24-month range.
Latest Release
1.6
Actual
0.1
Consensus
2
Previous
Median Absolute Error
±0.99 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 0.58
Actual: 1.6
Error: -1.03
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 |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.42 | COMMODITIES | Moves with | → View |
| GBP/USD | ▲ Direct | +0.31 | FOREX | Moves with | → View |
| EUR/USD | ▲ Direct | +0.27 | FOREX | 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 1.6% in July 2026. This beat the market consensus of 0.1% by 1.5%. The reading fell from the previous value of 2%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 1.47%, ranging from 0.1% 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 1.97%, up from the prior three at 1.87%. Volatility over the past year (σ 1.01%) is lower than the prior year (σ 1.24%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bearish USD). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). 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 August 26, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 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 1.600000% in July, beating the 0.100000% estimate. This marks a decline from June's 2.000000%, indicating a slowdown in monthly producer price inflation. The data may influence market expectations ahead of upcoming central bank decisions. Updated 7/25/26
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 (Jun 2026): actual 1.6 %, consensus 0.1 %. Prior reading (May 2026): 2 %. Before that (Apr 2026): 2.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower 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 headwind in the current projection. This indicator correlates most strongly with USD/JPY (Bearish USD, r=-0.45) — a useful reference for forex-focused traders.
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