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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IcelandIceland Producer Price Index MoM climbed to -0.1% in September 2026
FMPMonthlyReleased October 2026
Iceland Producer Price Index MoM climbed to -0.1% in September 2026, released October 2026, up 3.2% from August's -3.3% reading. The reading missed the 1.0% consensus by 1.1%. The print is running well below the 12-month average of 1.06%. Over the past 3 months, Producer Price Index MoM averaged -1.9%, vs 1.97% in the prior 3-month window. The reading is in the 33rd percentile of the trailing 24-month range.
Latest Release
-0.1
Actual
1
Consensus
-3.3
Previous
Median Absolute Error
±1.14 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: -0.3
Actual: -0.1
Error: -0.2
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 | −0.71 | FOREX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.70 | FOREX | Moves with | → View |
| GBP/USD | ▲ Direct | +0.69 | FOREX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.31 | CRYPTO | Moves with | → View |
| S&P 500 | ▲ Direct | +0.27 | INDEX | 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 -0.1% in October 2026. This missed the market consensus of 1% by 1.1%. The reading rose from the previous value of -3.3%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 0.88%, ranging from -3.3% to 3.7% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged -1.3%, down from the prior three at 1.97%. Volatility over the past year (σ 1.83%) is higher than the prior year (σ 1.15%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bearish USD). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 1.14%.
WHAT TO WATCH NEXT
The next release is scheduled for November 24, 2026.
Auto-generated from current model state · Refreshes on each release · Last update October 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 for October came in at -0.100000%, missing the 1.000000% estimate but improving from September's -3.300000%. The index remains in contraction but shows a significant moderation in the decline compared to the prior month. Market participants will watch upcoming inflation data closely amid this easing trend. Updated 10/23/26
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 (Sep 2026): actual -0.1 %, consensus 1 %. Prior reading (Aug 2026): -3.3 %. Before that (Jul 2026): -0.5 %.
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 USD/JPY (Bearish USD, r=-0.71) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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