Canada January PPI -0.1% vs -0.1% expected

  • Canadian January 2024 producer price index data
Canada producer price index
Canada producer price index y/y
  • Prior was -1.5% m/m
  • Prices -2.9% y/y vs -2.7% prior
  • Raw materials prices +1.2% m/m vs -4.9% prior
  • Raw materials prices -6.4% y/y vs -7.9% prior

There is ongoing help for inflation here but keep an eye on crude as it continues to perk up.

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