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Canada Raw Materials Price Index (RMPI) YoY
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Latest Release
Oct 22, 2024
Actual-8.8%
Previous-2.5%
The Raw Materials Price Index (RMPI) measures the change in the price of raw materials purchased by manufacturers. In contrast to the industrial product price index, the RMPI includes goods that are not produced in Canada. If input costs rise, some will be absorbed by the producer and some passed on to the consumer. Conversely, if input costs fall, some of the decline will be enjoyed as wider profit margins by the producer and some will be passed on to the consumer in the form of lower prices. Because PPI impacts consumer prices, it is watched by central bankers as part of fulfilling their mandate of price stability.
A reading that is stronger than forecast is generally supportive (bullish) for the CAD, while a weaker than forecast reading is generally negative (bearish) for the CAD.
A reading that is stronger than forecast is generally supportive (bullish) for the CAD, while a weaker than forecast reading is generally negative (bearish) for the CAD.
| Release Date | Time | Actual | Forecast | Previous | |
|---|---|---|---|---|---|
| Nov 21, 2024 (Oct) | 13:30 | -8.8% | |||
| Oct 22, 2024 (Sep) | 12:30 | -8.8% | -2.5% | ||
| Sep 20, 2024 (Aug) | 12:30 | -2.5% | 4.1% | ||
| Aug 21, 2024 (Jul) | 12:30 | 4.1% | 7.2% | ||
| Jul 19, 2024 (Jun) | 12:30 | 7.5% | 6.9% | ||
| Jun 21, 2024 (May) | 12:30 | 7.6% | 2.9% |
RMPI (YoY) Discussion
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