According to Statistics Canada, prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), increased 2.4 percent month over month in March and increased 7.8 percent on a yearly basis. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), increased 12.0 percent from February to March and increased 23.6 percent year over year in March.
The IPPI was up 2.4 percent month over month in March, following a 0.6 percent increase in the previous month.
The IPPI was up 7.8 percent year over year in March 2026, the index's 18th consecutive month of year-over-year increases.
In March, the RMPI increased 12.0 percent month over month, mainly driven by higher prices for crude energy products (+41.1 percent). Excluding crude energy products, the RMPI decreased 0.2 percent.
The RMPI increased 23.6 percent year on year in March. Excluding crude energy products, the RMPI posted a 21.8 percent year over year rise in March.
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