Canada producer price index for July -2.1% vs -1.1% last month

• Producer price index month-to-month -2.1% vs. -1.1% last month
• producer price index YoY 11.9% vs 14.3% last month
• raw material price index MoM -7.4% vs. -0.1% last month
• raw material price index YoY 19.1% vs 32.4% last month

Sharp falls in producer prices help to take the prices off the boil. It is still simmering at a very hot temperature.