Canada April industrial product price +1.6% m/m vs +1.7% expected

Canada industrial product price data

Canada April industrial product price chart
  • Prior was +1.6%
  • Of the 21 major commodity groups, 18 were up and 3 were down with lumber (+10.1%) leading
  • Raw materials price index +1.0% vs +1.7% exp
  • Prior was +2.3% m/m
  • Industrial product price +14.3% y/y
  • Raw materials index +56.4% y/y

That’s a daunting chart. The big question is how much that pushes up consumer prices and how long the pain lasts.

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