The Raw Materials Price Index in Canada were down 3.1% month-over-month in September 2024, following an upwardly revised 3% fall in August and way more than forecasts of a 1.7% fall. It is the biggest decrease since December, led by an 8.5% drop in prices for crude energy products, namely conventional crude oil (-8.2%), synthetic crude oil (-10.1%). Other decreases were also seen in prices for animals and animal products (-1.5%) , mostly hogs (-7.4%). In contrast, prices of metal ores, concentrates and scrap rose 1.5%, particularly gold, silver, and platinum group metal ores and concentrates (+2.7%). Year-on-year, prices of raw materials declined 8.8%, the largest year-over-year decrease since July 2023, with conventional crude oil (-21.4%), synthetic crude oil (-28.4%) and canola (-23%) making the biggest contributions. source: Statistics Canada

Wholesale Prices in Canada decreased to 135 points in September from 139.30 points in August of 2024. Wholesale Prices in Canada averaged 75.42 points from 1981 until 2024, 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 November of 2024.

Wholesale Prices in Canada decreased to 135 points in September from 139.30 points in August of 2024. Wholesale Prices in Canada is expected to be 142.00 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 153.00 points in 2025 and 160.00 points in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-09-20 12:30 PM
Raw Materials Prices MoM
Aug -3.1% 0.7% -2% -0.4%
2024-10-22 12:30 PM
Raw Materials Prices MoM
Sep -3.1% -3% -1.7% -2.8%
2024-11-21 01:30 PM
Raw Materials Prices MoM
Oct -3.1% -1.5% -0.8%

Components Last Previous Unit Reference
Consumer Price Index CPI 161.10 161.80 points Sep 2024
Producer Prices 125.90 126.70 points Sep 2024

Related Last Previous Unit Reference
Raw Materials Prices YoY -8.80 -2.30 percent Sep 2024
Core Consumer Prices 155.70 155.70 points Sep 2024
Core Inflation Rate YoY 1.60 1.50 percent Sep 2024
CPI Housing Utilities 183.50 183.30 points Sep 2024
CPI Transportation 169.30 173.50 points Sep 2024
Export Prices 132.70 134.60 points Sep 2024
Food Inflation 2.80 2.70 percent Sep 2024
GDP Implicit Price 126.30 124.90 points Jun 2024
Import Prices 131.40 132.70 points Sep 2024
Inflation Rate YoY 1.60 2.00 percent Sep 2024
Inflation Rate MoM -0.40 -0.20 percent Sep 2024
PPI YoY -0.90 0.20 percent Sep 2024
Raw Materials Prices MoM 135.00 139.30 points Sep 2024

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
135.00 139.30 166.60 38.50 1981 - 2024 points Monthly
2020=100, NSA


News Stream
Canada Raw Materials Prices Sink
The Raw Materials Price Index in Canada were down 3.1% month-over-month in September 2024, following an upwardly revised 3% fall in August and way more than forecasts of a 1.7% fall. It is the biggest decrease since December, led by an 8.5% drop in prices for crude energy products, namely conventional crude oil (-8.2%), synthetic crude oil (-10.1%). Other decreases were also seen in prices for animals and animal products (-1.5%) , mostly hogs (-7.4%). In contrast, prices of metal ores, concentrates and scrap rose 1.5%, particularly gold, silver, and platinum group metal ores and concentrates (+2.7%). Year-on-year, prices of raw materials declined 8.8%, the largest year-over-year decrease since July 2023, with conventional crude oil (-21.4%), synthetic crude oil (-28.4%) and canola (-23%) making the biggest contributions.
2024-10-22
Canada Raw Materials Prices Fall More than Expected
The Raw Materials Price Index in Canada slumped by 3.1% month-over-month in August 2024, following a 0.7% increase in the prior and more than an expected 2.5% fall. Prices for crude energy products declined 5% in August, mostly due to lower prices for conventional crude oil (-5.6%) and synthetic crude oil (-3.5%). Moreover, costs for crop products dropped 6.1% in August, marking the third consecutive monthly decline and the largest since July 2022 (-9.2%), mainly due to an 8.9% fall in canola prices. Excluding crude energy products, the RMPI fell 1.8%. On an annual basis, raw material prices declined by 2.5% in August, marking the first decrease in six months, after a 4.1% rise in the previous month.
2024-09-20
Canada Raw Materials Prices Rise Against Expectations in July
The Raw Materials Price Index in Canada rose 0.7% month-over-month in July 2024, against market expectations of a 0.7% decline, following a downwardly revised 1.7% decline in the previous month. The increase was primarily driven by a 2.2% rise in crude energy products, as geopolitical tensions in the Middle East and reduced OPEC+ oil production boosted crude oil prices. However, crop product prices declined by 1.6% for the second consecutive month, with significant drops in wheat (-9.3%) and other grains (-4.0%), influenced by strong production in the U.S. and Canada. Additionally, prices for logs, pulpwood, natural rubber, and other forestry products decreased by 3.9%. On an annual basis, raw material prices were up 4.1%.
2024-08-21