Latest Updates

• Canada PPI: August 2025 2025-09-22 08:30

  

  Canada's Industrial Product Price Index (IPPI) rose +0.5% MoM and +4.0% YoY in August 2025, marking the 11th consecutive annual increase despite energy prices weighing on the monthly gain.

  • Excluding energy and petroleum products, the IPPI advanced +0.7% MoM, reflecting broader pricing strength across manufactured goods.

  • Meat, fish, and dairy products rose +1.9% MoM, led by fresh and frozen beef and veal (+5.2%) and chicken (+2.1%), with beef recording its largest monthly gain since June 2024.

  • Primary non-ferrous metals increased +1.0% MoM, driven by unwrought gold (+1.6%) and silver (+1.9%), though platinum group metals fell -3.7% after three months of strong gains.

  • Energy and petroleum products fell -1.3% MoM, as conventional crude oil (-3.9%) and diesel fuel (-6.0%) declined, partly offset by finished motor gasoline (+1.8%).

  • On a YoY basis, unwrought gold, silver, and platinum group metals surged +36.3%, while beef (+28.9%) and poultry (+18.4%) also saw strong increases.

  • Finished motor gasoline declined -5.4% YoY, the largest drag on the index, reflecting base effects from high prices in August 2024.

  

  Canada's Raw Materials Price Index (RMPI) fell -0.6% MoM in August 2025 but rose +3.2% YoY, with crude energy declines offset by strength in metals and livestock.

  • Excluding crude energy, the RMPI rose +0.9% MoM and +15.5% YoY, showing broad-based gains outside the energy sector.

  • Crude energy products dropped -3.7% MoM, led by conventional crude oil (-3.5%) and synthetic crude (-5.1%), as OPEC+ supply increases pressured markets.

  • Metal ores, concentrates, and scrap rose +2.0% MoM, driven by gold (+2.0%) and silver (+2.3%), marking a 12th consecutive monthly increase.

  • Crop products fell -1.7% MoM, led by canola (-6.4%), after Chinese tariffs reduced export demand.

  • On a YoY basis, precious metal ores surged +37.0% and cattle and calves rose +19.9%, supported by supply shortages.

  • Conventional crude oil (-16.2% YoY) and synthetic crude (-16.6% YoY) posted sharp annual declines, limiting overall RMPI growth.

  Source
• Canada PPI: July 2025 2025-08-21 08:30

  

  Industrial Product Price Index (IPPI) rose 0.7% MoM in July and 2.6% YoY, marking the 10th consecutive annual gain.

  • Energy and petroleum products increased 2.7% MoM, with diesel fuel up 6.6% due to low distillate stocks.

  • Primary non-ferrous metals gained 2.7% MoM, led by unwrought platinum group metals (+12.4%) and silver (+4.8%), while unwrought gold fell -0.3%.

  • Meat, fish, and dairy prices rose 0.6% MoM, with chicken up 7.9% and pork up 3.7% amid strong demand.

  • On a YoY basis, unwrought gold, silver, and PGMs surged 33.7%, beef increased 16.5%, and softwood lumber rose 12.0%.

  • Declines were seen in finished motor gasoline (-10.9% YoY), oilseed meal (-33.2% YoY), and gasoline engines/parts (-12.1% YoY).

  

  Raw Materials Price Index (RMPI) rose 0.3% MoM in July and 0.8% YoY, with stronger growth excluding crude energy products.

  • Animals and animal products jumped 3.2% MoM, the largest rise since April 2024, driven by hogs (+6.6%).

  • Crude energy products rose 0.2% MoM, with synthetic crude up 1.0% and conventional crude flat.

  • On a YoY basis, RMPI gains were led by gold, silver, and PGMs (+30.9%), cattle (+17.1%), and hogs (+18.1%).

  • Conventional crude oil (-18.0% YoY) and synthetic crude (-15.2% YoY) weighed on the index, moderating overall growth.

  Source
• Canada PPI: June 2025 2025-07-21 08:30
  

  Canada’s Industrial Product Price Index (IPPI) rose 0.4% MoM and 1.7% YoY in June 2025, led by higher prices for precious metals, meat, and energy products.

  • Non-ferrous metal prices jumped 2.8% MoM, driven by platinum group metals (+15.6%) and silver (+8.4%) amid tight supply and rising jewelry demand.
  • Meat, fish, and dairy prices rose 2.2% MoM, with chicken up 6.7% and beef up 2.2% on seasonal demand and tight supply.
  • Energy and petroleum products increased 1.1% MoM, with diesel fuel up 3.6% on higher crude oil costs.
  • On a YoY basis, unwrought gold, silver, and PGMs surged 30.9%, while beef rose 15.7%; gasoline (-9.5%) and nickel (-14.5%) fell.

  

  The Raw Materials Price Index (RMPI) increased 2.7% MoM and 1.1% YoY in June 2025.

  • Crude energy products jumped 6.8% MoM due to geopolitical tensions and tight supply; conventional crude rose 8.2%.
  • Excluding energy, RMPI rose 0.8% MoM and 11.8% YoY, with silver ores (+10.3%) and hogs (+7.9%) leading gains.
  • YoY gains were strongest in gold/silver/PGM ores (+34.2%), cattle (+16.7%), and canola (+14.5%), while crude oil prices remained a major drag.

  Source
• Canada PPI: May 2025 2025-06-20 08:30
  

  Canada’s Industrial Product Price Index (IPPI) fell -0.5% MoM in May 2025, the second consecutive monthly decline, but rose 1.2% YoY.

  • Lumber and wood product prices dropped -6.0% MoM, with softwood lumber down -8.8%.
  • Energy and petroleum products declined -1.9% MoM, led by diesel fuel (-4.8%), while motor gasoline rose 1.6%.
  • Meat, fish, and dairy products rose 1.2% MoM, driven by beef and veal (+4.7%).
  • Non-ferrous metal prices increased 0.9% MoM, with copper rebounding 3.0% and precious metals up 1.6%.
  • YoY, gold prices surged 41.7%, while beef (+19.5%) and aluminum (+15.3%) also rose; gasoline (-10.2%) and nickel (-20.4%) declined.

  

  The Raw Materials Price Index (RMPI) declined -0.4% MoM and -2.8% YoY in May 2025.

  • Crude energy products fell -4.5% MoM due to concerns over oversupply; conventional crude oil dropped -4.3%.
  • Metal ores rose 1.9% MoM, led by gold, silver, and PGMs (+2.4%).
  • Crop products rose 1.1% MoM, with canola prices up 6.2% on tight supplies.
  • Excluding crude energy, RMPI rose 1.6% MoM and 9.6% YoY.

  Source
• Canada PPI: April 2025 2025-05-22 08:30
  

  Canada's Industrial Product Price Index (IPPI) declined -0.8% MoM in April 2025, marking its first monthly decrease in seven months, while rising 2.0% YoY.

  • Energy and petroleum product prices fell -3.6% MoM, driven by a -9.4% drop in conventional crude oil prices.
  • Primary non-ferrous metal products declined -2.8% MoM, with unwrought aluminum down -7.4% and copper down -8.1%.
  • Lumber and other wood products decreased -4.4% MoM, the largest drop since January 2023, led by softwood lumber (-11.1%).
  • Motorized and recreational vehicles prices fell -0.9% MoM, influenced by a 2.7% appreciation of the Canadian dollar.
  • Food-related products saw price increases, with fruit, vegetables, feed, and other food products up 2.0% MoM, and meat, fish, and dairy products up 2.2% MoM.

  

  The Raw Materials Price Index (RMPI) decreased -3.0% MoM and -3.6% YoY in April 2025.

  • Crude energy products led the decline, falling -8.1% MoM, primarily due to a -9.4% drop in conventional crude oil prices.
  • Metal ores, concentrates, and scrap decreased -1.5% MoM, with notable declines in silver ores (-6.8%) and nickel ores (-8.2%).
  • Excluding crude energy products, the RMPI fell -0.3% MoM but increased 10.1% YoY.
  • Year-over-year, conventional crude oil prices dropped -24.5%, while gold, silver, and platinum group metal ores and concentrates rose 27.7%.

  Source
• Canada PPI: March 2025 2025-04-22 08:30
  

  Canada’s PPI increased 0.5% MoM and 4.7% YoY in March, above expectations of an 0.3% MoM increase.

  • Energy and petroleum product prices had the largest downward impact on the IPPI in March, posting a -3.8% MoM decline after increasing for two months in a row.
  • The prices of primary non-ferrous metal products increased 3.8% MoM in March. This was the fourth straight monthly increase for the commodity group.
  • Excluding energy, the index was up 1.0% MoM and 6.1% YoY, up from 5.6% YoY.
  • The Raw Materials Price Index fell -1.0% MoM (vs 0.0% MoM) and was up 3.7% YoY.
  • Prices for crude energy products fell -3.5% MoM and -11.7% YoY in March, following a -4.7% MoM decrease in the previous month.
  • Excluding crude energy, raw materials prices increased 0.4% MoM and 14.7% YoY, down from 16.2% YoY previously.

  Source
• Canada PPI: February 2025 2025-03-20 08:30
  

  Canada’s PPI increased 0.4% MoM (vs 0.3% MoM expected) and 4.9% YoY in February, down from 5.8% YoY in January.

  • Ex-energy PPI was up 0.4% MoM and 5.6% YoY. Energy and petroleum product prices were up 0.5% MoM.
  • The Raw Materials Price Index was up 0.3% MoM (vs -0.3% MoM expected) and was up 9.3% YoY in February, down from 11.2% YoY in January.
  • Excluding the -4.7% MoM drop in crude energy product prices, the Raw Materials Price Index surged 3.4% MoM and 16.2% YoY.

  Source
• Canada PPI: January 2025 2025-02-20 08:30
  

  Canada’s PPI jumped 1.6% MoM (vs 0.8% MoM expected) and 5.8% YoY in January, up from 4.1% YoY in December.

  • The year-over-year movement was also influenced by a base period effect. In January 2024, the PPI was at its lowest level of 2024.
  • Excluding energy and petroleum products, the IPPI rose 0.9% MoM.
  • Prices for energy and petroleum products rose 7.0% MoM in January. This was the largest monthly increase for the group since August 2023.
  • The Raw Materials Price Index jumped 3.7% MoM (vs 2.5% MoM expected) and 11.8% YoY, the largest annual rate since September 2022.
  • Prices for crude energy products increased 7.2% MoM in January. This was the largest month-over-month growth for the group since March 2024.

  Source
• Canada PPI: December 2024 2025-01-22 08:30
  

  Canada’s PPI increased 0.2% MoM (vs 0.6% MoM expected) and was up 4.1% YoY in December, accelerating from 2.2% YoY in November. The PPI reading was heavily affected by CAD’s depreciation against the USD of about 1.9% MoM. Energy product prices were down -0.9% MoM and chemical product prices fell -0.6% MoM, the two components making the largest downside contribution. Increases in vehicles prices (+0.7% MoM), meat (+0.8% MoM), and non-ferrous metal products (+0.8% MoM) offset the declines in those two segments.

  

  The Raw Materials Price Index was up 1.3% MoM (vs 0.4% MoM expected) and 9.1% YoY. The prices of metal ores, concentrates and scrap rose 2.0% MoM, the 4th straight increase. Energy materials prices were also higher, up 0.8 MoM. The December 2024 movement was partially influenced by a base period effect, as the RMPI declined -4.9% YoY in December 2023.

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• Canada PPI: November 2024 2024-12-23 08:30
  

  Canadian PPI increased 0.6% MoM (vs 0.3% MoM expected) and 2.2% YoY in November, up from 1.1% YoY in October and the highest since July. The appreciation of the USD vs the CAD had an outsized effect on producer prices as it jumped 1.6% in November. Lumber and wood product costs jumped 5.7% MoM, the largest increase since March 2022.

  

  The Raw Materials Price Index was down -0.5% MoM (vs 0.6% MoM expected) but was still up 2.0% YoY after a decline of -2.8% YoY in the month before. However, excluding crude energy products, the RMPI was up 0.6% MoM.

  Source