Prices for products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose 2.0 percent month-over-month in April and increased 11.4 percent year-over-year, according to Statistics Canada. Prices for raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), rose 2.6 percent from March to April and rose 31.6 percent year over year in April.
The IPPI rose 2.0 percent month over month in April, the index's fourth monthly increase. in a row.
In April 2026, the IPPI index grew by 11.4 percent year on year. The index rose for the 19th consecutive month on an annualized basis.
The RMPI increased 2.6 percent month-on-month in April, driven primarily by higher raw energy prices (+8.2 percent). Excluding raw energy, RMPI fell 0.5 percent.
RMPI increased 31.6 percent year-on-year in April. Excluding raw energy, RMPI showed 22.7% year-on-year growth in April
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