Canada’s raw materials prices surged 31.6% year-over-year in April 2026, accelerating from a revised 23.4% increase in March to mark the steepest yearly gain since June 2022. The rise was primarily driven by sharp increases in gold, silver, and platinum group metal ores and concentrates (+76.7%), conventional crude oil (+51.5%), and synthetic crude oil (+57.5%). Meanwhile, other miscellaneous crop products declined 22.3% and natural gas fell 37.4%. Excluding crude energy products, raw materials prices rose 22.7%. source: Statistics Canada
Commodity Prices YoY in Canada increased to 31.60 percent in April from 23.40 percent in March of 2026. Commodity Prices YoY in Canada averaged 3.81 percent from 1982 until 2026, reaching an all time high of 56.10 percent in April of 2021 and a record low of -34.80 percent in July of 2009. This page includes a chart with historical data for Canada Commodity Prices YoY. Canada Raw Materials Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.
Commodity Prices YoY in Canada increased to 31.60 percent in April from 23.40 percent in March of 2026. Commodity Prices YoY in Canada is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Raw Materials Prices YoY is projected to trend around 3.70 percent in 2027 and 3.50 percent in 2028, according to our econometric models.