Producer prices in Canada increased 1.2% month-over-month in May 2026, a fifth consecutive monthly increase, but below a downwardly revised 1.6% in April and forecasts of 1.8%. Disruptions to shipping through the Strait of Hormuz continued to affect global commodity markets in May, reflecting impacts on crude oil costs and supply chains. This situation contributed to price increases across multiple commodity groups, including chemical and chemical products (7%), mostly plastic resins (33.1%); energy and petroleum products (2.5%), particularly motor gasoline (7.2%); and primary non-ferrous metal products (1.1%), mainly unwrought aluminum and aluminum alloys (3.5%). Excluding energy and petroleum products, producer prices increased 0.9%. Year-on-year, producer prices rose 13.6%, the most since June 2022, following an 11.1% rise in April. The largest contributions came from prices for unwrought silver and silver alloys (135.4%), diesel fuel (61%) and finished motor gasoline (47.9%). source: Statistics Canada
Producer Price Inflation MoM in Canada decreased to 1.20 percent in May from 1.60 percent in April of 2026. Producer Price Inflation MoM in Canada averaged 0.29 percent from 1956 until 2026, reaching an all time high of 3.80 percent in January of 1980 and a record low of -2.90 percent in November of 2008. This page includes a chart with historical data for Canada Producer Price Inflation MoM. Canada Producer Price Inflation MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.
Producer Price Inflation MoM in Canada decreased to 1.20 percent in May from 1.60 percent in April of 2026. Producer Price Inflation MoM in Canada is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Producer Price Inflation MoM is projected to trend around 0.30 percent in 2027 and 0.20 percent in 2028, according to our econometric models.