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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IcelandIceland Producer Price Index YoY climbed to 19.4% in June 2026
FMPMonthlyReleased July 2026
Iceland Producer Price Index YoY climbed to 19.4% in June 2026, released July 2026, up 2.6% from May's 16.8% reading. The print exceeded the 17.5% consensus by 1.9%. Producer Price Index YoY has now risen for 8 consecutive months. Over the past 3 months, Producer Price Index YoY averaged 14.4%, vs 6.23% in the prior 3-month window. Producer Price Index YoY is now the highest in 17 months.
Latest Release
19.4
Actual
17.5
Consensus
16.8
Previous
Median Absolute Error
±1.14 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 18.03
Actual: 19.4
Error: -1.38
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 |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.69 | INDEX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.67 | COMMODITIES | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.50 | CRYPTO | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.34 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Producer Price Index YoY (Iceland) was reported at 19.4% in July 2026. This beat the market consensus of 17.5% by 1.9%. The reading rose from the previous value of 16.8%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 6.9%, ranging from -0.6% to 19.4% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 16.07%, up from the prior three at 4.63%. Volatility over the past year (σ 6.43%) is higher than the prior year (σ 4.33%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). 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 August 26, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Producer Price Index YoY - IS
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About Producer Price Index YoY — Iceland
DEFINITION
Iceland's Producer Price Index YoY rose to 19.400000% in July, beating the 17.500000% estimate and up from June's 16.800000%. This marks a continued acceleration in producer price inflation, reflecting persistent cost pressures in the economy. Market participants will watch for central bank responses amid this sustained inflationary trend. 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 19.4 %, consensus 17.5 %. Prior reading (May 2026): 16.8 %. Before that (Apr 2026): 12 %.
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 S&P 500 (Bearish S&P 500, r=-0.69) — a useful reference for index-focused traders.
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