The Raw Materials Price Index (RMPI) rose 2.8 percent month-over-month in December of 2019, after a donwardly revised 1.4 percent increase in the prior month and against market expectations of a 1.0 percent drop. The increase was led mainly by higher prices for crude energy products (5.4 percent), particularly conventional crude oil (5.5 percent). A new agreement to cut oil production by the Organization of the Petroleum Exporting Countries and its allies in December, along with the start of easing trade tensions between China and the United States, contributed to this increase.Year-on-year, raw materials prices jumped 7.9 percent, following a downwardly revised 9.1 percent surge in the previous month, driven mostly by higher prices for crude energy products (18.8 percent). Conventional crude oil (19.8 percent) was the main source of this gain.
Wholesale Prices in Canada averaged 72.43 points from 1981 until 2019, reaching an all time high of 137.30 points in July of 2008 and a record low of 40.40 points in July of 1986. This page provides - Canada Raw Materials Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Canada