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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IcelandIceland Producer Price Index YoY climbed to 12.0% in April 2026
FMPMonthlyReleased May 2026
Iceland Producer Price Index YoY climbed to 12.0% in April 2026, released May 2026, up 3.4% from March's 8.6% reading. The print exceeded the 10.8% consensus by 1.2%. Producer Price Index YoY has now risen for 6 consecutive months. Over the past 3 months, Producer Price Index YoY averaged 6.23%, vs 3.4% in the prior 3-month window. Producer Price Index YoY is now the highest in 15 months.
Latest Release
12
Actual
10.8
Consensus
8.6
Previous
Median Absolute Error
±1.07 percentage points
across last 12 releases
Last Call
May 2026
Predicted: 10.98
Actual: 12
Error: -1.02
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 |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.63 | CRYPTO | Bearish BTC | → View |
| XAU/USD | ▼ Inverse | −0.37 | COMMODITIES | Bearish XAU | → 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 12% in May 2026. This beat the market consensus of 10.8% by 1.2%. The reading rose from the previous value of 8.6%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 3.16%, ranging from -1.5% to 12% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 7.37%, up from the prior three at 3.3%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 1.08%.
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 YoY - IS
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About Producer Price Index YoY — Iceland
DEFINITION
Iceland's Producer Price Index YoY surged to 12.000000% in May, beating the 10.800000% estimate and rising sharply from April's 8.600000%. This marks a significant acceleration in producer price inflation, reflecting increased cost pressures across sectors. Market focus will remain on how this inflation trend influences the Central Bank of Iceland's monetary policy stance. 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 12 %, consensus 10.8 %. Prior reading (Mar 2026): 8.6 %. Before that (Feb 2026): 5.5 %.
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 BTC/USD (Bearish BTC, r=-0.63) — a useful reference for crypto-focused traders.