Canada industrial product price data
- Prior was +1.6%
- Of the 21 major commodity groups, 18 were up and 3 were down with lumber (+10.1%) leading
- Raw materials price index +1.0% vs +1.7% exp
- Prior was +2.3% m/m
- Industrial product price +14.3% y/y
- Raw materials index +56.4% y/y
That’s a daunting chart. The big question is how much that pushes up consumer prices and how long the pain lasts.