There seems to be inflation going on in Katla volcano, at least according to the automatic GPS data that IMO has on it’s web site. But this might be error in the data. But for the moment I do not think it is. But please do look at this data with the view that it might be wrong.
The inflation can be seen on Lágu Hvolar and Sólheimaheiði GPS stations. But it appears to be more clear at HVOL GPS station. But that is most likey because that GPS station is closer to the magma pocket in question that creates this movement.
What might be the critical inflation before a eruption starts is hard to know until it happens. For Eyjafjallajökull volcano that was 60mm, for Grímsfjall volcano the inflation was actually 350mm. But that volcano had eruptions that did not change it’s inflation numbers. I do not know why Grímsfjall volcano is so different in this respect from other volcanoes in Iceland (that I know of so far).