Canada March PPI +0.5% m/m vs +0.3% expected

  • Canadian March producer price index data and the raw materials price index
Canada PPI
Canada PPI yy
  • Prior was +0.4% (revised to +0.6%)
  • PPI yy 4.7% vs 4.9% prior
  • Raw materials price index -1.0% m/m vs +0.3% prior
  • Raw materials price index +3.9% y/y vs +6.6% prior

The slowdown in price pressures is notable via raw materials and that will continue in April via the plunge in oil and natural gas prices.

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