The Raw Materials Price Index in Canada decreased 6.4% year-on-year in January 2024, following a 7.9% drop in December, dragged down by prices for conventional crude oil (-9.1%), nickel ores and concentrates (-41.3%), synthetic crude oil (-17.3%) and canola (including rapeseed) (-25.9%). source: Statistics Canada

Commodity Prices YoY in Canada averaged 3.77 percent from 1982 until 2024, reaching an all time high of 56.10 percent in April of 2021 and a record low of -34.80 percent in July of 2009. This page includes a chart with historical data for Canada Commodity Prices YoY. Canada Raw Materials Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2024.

Commodity Prices YoY in Canada is expected to be 2.00 percent 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 YoY is projected to trend around 3.00 percent in 2025, according to our econometric models.

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Canada Raw Materials Prices YoY

Related Last Previous Unit Reference
Producer Prices Change -2.90 -2.70 percent Jan 2024
Producer Price Inflation MoM -0.10 -1.60 percent Jan 2024
Commodity Prices YoY -6.40 -7.90 percent Jan 2024
Wholesale Prices 131.80 130.20 points Jan 2024

Canada Raw Materials Prices YoY
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
-6.40 -7.90 56.10 -34.80 1982 - 2024 percent Monthly