The Raw Materials Price Index for Canada rose 2.9% month-over-month in April 2023, the most since May 2022 and more than market expectations of a 0.7% increase. Prices for crude energy products increased 4.4%, mainly on higher prices for conventional crude oil (+5.3%). On the other hand, prices for crop products declined 1.8%, mainly on lower prices for canola (-3.1%) and other crop products (-1.8%). Year-on-year, raw materials prices in Canada fell 10.8%. source: Statistics Canada

Wholesale Prices in Canada averaged 73.28 points from 1981 until 2023, reaching an all time high of 166.60 points in June of 2022 and a record low of 38.50 points in July of 1986. This page provides - Canada Raw Materials Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Raw Materials Prices - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Wholesale Prices in Canada is expected to be 138.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Raw Materials Prices is projected to trend around 136.00 points in 2024 and 135.00 points in 2025, according to our econometric models.

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Canada Raw Materials Prices



Calendar GMT Actual Previous Consensus TEForecast
2023-04-19 12:30 PM Raw Materials Prices MoM Mar -1.7% -0.3% -0.2%
2023-05-23 12:30 PM Raw Materials Prices MoM Apr 2.9% -0.9% 0.7% -1.4%
2023-06-19 12:30 PM Raw Materials Prices MoM May 2.9%


Related Last Previous Unit Reference
Inflation Rate 4.40 4.30 percent Apr 2023
Inflation Rate MoM 0.70 0.50 percent Apr 2023
Consumer Price Index CPI 156.40 155.30 points Apr 2023
Core Inflation Rate 4.10 4.30 percent Apr 2023
Core Consumer Prices 152.10 151.30 points Apr 2023
GDP Deflator 127.70 127.40 points Mar 2023
Producer Prices 125.90 126.20 points Apr 2023
Producer Prices Change -3.50 -2.20 percent Apr 2023
Export Prices 143.60 144.20 points Mar 2023
Import Prices 150.40 149.30 points Mar 2023
Food Inflation 8.30 8.90 percent Apr 2023
Commodity Prices YoY -10.80 -15.10 percent Apr 2023
Wholesale Prices 143.60 139.50 points Apr 2023
CPI Transportation 168.50 166.00 points Apr 2023
CPI Housing Utilities 169.90 168.90 points Apr 2023

Canada Raw Materials Prices
The raw materials price index (RPMI) reflects the prices paid by Canadian manufacturers for key raw materials. Unlike the industrial product price index, the RMPI includes goods that are not produced in Canada.
Actual Previous Highest Lowest Dates Unit Frequency
143.60 139.50 166.60 38.50 1981 - 2023 points Monthly
2020=100, NSA

News Stream
Raw Materials Prices in Canada Rise More than Expected
The Raw Materials Price Index for Canada rose 2.9% month-over-month in April 2023, the most since May 2022 and more than market expectations of a 0.7% increase. Prices for crude energy products increased 4.4%, mainly on higher prices for conventional crude oil (+5.3%). On the other hand, prices for crop products declined 1.8%, mainly on lower prices for canola (-3.1%) and other crop products (-1.8%). Year-on-year, raw materials prices in Canada fell 10.8%.
2023-05-23
Canada Raw Materials Prices Down for 5th Month
The Raw Materials Price Index for Canada fell 1.7% month-over-month in March of 2023, a fifth straight decline, following a 0.3% drop in February. Prices for crude energy products fell 3.3%, with crude oil declining 3.4% amid pessimism stemming from bank failures in the US weighing. Also, prices for crop products decreased 3.9%, namely canola (-5.8%), grains (-5.2%) and wheat (-3.5%). On the other hand, prices for animals and animal products rose 1.6%, hogs were up 4.9% and cattle and calves increased 2.7%. Year-on-year, raw materials prices in Canada sank 16.5%, with crude plunging 28.2%, the largest decrease for conventional crude oil since November of 2020.
2023-04-19
Raw Materials Prices in Canada Fall Further
The Raw Materials Price Index for Canada went down 0.4% in February 2023, following an upwardly revised 0.2% decrease in January and compared with market expectations of a flat reading. Metal ores, concentrates and scrap were down 1.5% after posting three straight monthly gains, mainly due to lower prices for gold, silver, and platinum group metal ores (-2.5%). Lead and zinc ores and concentrates (-5.0%) also fell compared with January. Prices for crude energy products fell 0.3%, a fourth consecutive monthly decrease. Year-on-year, prices for raw materials dropped 5.2%, the first decline since December 2020. Crude energy products dropped 8.5%, the first year-over-year decrease since January 2021.
2023-03-17