Canada Producer Prices Above Forecasts

2026-04-23 12:36 By Joana Taborda 1 min. read

Producer prices in Canada jumped 2.4% month-over-month in March 2026, following a 0.6% increase in February and above forecasts of 1.6%.

The closure of the Strait of Hormuz was the main event impacting price movements across multiple commodities in March, including energy and petroleum products and chemicals and chemical products.

The largest impact came from a record 27.4% surge in prices of energy and petroleum products, particularly refined petroleum energy products (+29.3%) and diesel fuel (+33.2%) and finished motor gasoline (+28.8%) also increased substantially.

In addition, prices for chemicals and chemical products rose 4.1%, the largest gain since February 2021, driven primarily by higher prices for plastic resins (+15.4%) and petrochemicals (+8.9%).

Excluding energy and petroleum products, producer prices were down 0.5%, with cost falling for primary non-ferrous metal products (-1.7%).

Year-on-year, producer prices went up 7.8%.



News Stream
Canada Producer Prices Above Forecasts
Producer prices in Canada jumped 2.4% month-over-month in March 2026, following a 0.6% increase in February and above forecasts of 1.6%. The closure of the Strait of Hormuz was the main event impacting price movements across multiple commodities in March, including energy and petroleum products and chemicals and chemical products. The largest impact came from a record 27.4% surge in prices of energy and petroleum products, particularly refined petroleum energy products (+29.3%) and diesel fuel (+33.2%) and finished motor gasoline (+28.8%) also increased substantially. In addition, prices for chemicals and chemical products rose 4.1%, the largest gain since February 2021, driven primarily by higher prices for plastic resins (+15.4%) and petrochemicals (+8.9%). Excluding energy and petroleum products, producer prices were down 0.5%, with cost falling for primary non-ferrous metal products (-1.7%). Year-on-year, producer prices went up 7.8%.
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