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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IcelandIceland Producer Price Index MoM fell to 2.0% in May 2026
FMPMonthlyReleased June 2026
Iceland Producer Price Index MoM fell to 2.0% in May 2026, released June 2026, down 0.3% from April's 2.3% reading. The print exceeded the 1.2% consensus by 0.8%. The print is running well above the 12-month average of 0.78%. Over the past 3 months, Producer Price Index MoM averaged 2.1%, vs 0.95% in the prior 3-month window. The reading is in the 84th percentile of the trailing 24-month range.
Latest Release
2
Actual
1.2
Consensus
2.3
Previous
Median Absolute Error
±0.94 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 1.75
Actual: 2
Error: -0.25
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 2% in June 2026. This beat the market consensus of 1.2% by 0.8%. The reading fell from the previous value of 2.3%. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 1.25%, ranging from -0.6% to 3.7% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged 2%, up from the prior three at 1.7%.
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 0.94%.
WHAT TO WATCH NEXT
The next release is scheduled for July 23, 2026.
Auto-generated from current model state · Refreshes on each release · Last update June 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 2.00% in June, beating the 1.20% estimate. This marks a decline from May's 2.30%, indicating a slight easing in producer price inflation. The data suggests continued pressure on input costs, with market focus on upcoming inflation reports. Updated 6/25/26
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 (May 2026): actual 2 %, consensus 1.2 %. Prior reading (Apr 2026): 2.3 %. Before that (Mar 2026): 1.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a 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=-0.45) — a useful reference for forex-focused traders.
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