Canada’s Raw Materials Price Index increased 0.6% month over month in February, less than market expectations for a 2.4% rise, and was up 8.6% year over year, driven mainly by a 4.8% increase in crude energy products as both conventional and synthetic oil prices climbed amid rising geopolitical risks linked to US Iran tensions. Excluding energy, the index fell 1.1%. Metal ores and scrap declined 2.7%, with sharp drops in silver and iron ore prices as inventories in China increased. Crop products rose 0.7%, led by a 6.3% jump in canola after China reduced tariffs on Canadian imports. On an annual basis, the RMPI excluding energy surged 20.9%, supported by strong gains in precious metal ores and livestock prices, while crude oil prices remained lower year over year despite recent upward pressure from geopolitical concerns. source: Statistics Canada

Wholesale Prices in Canada increased to 159.40 points in January from 158.50 points in December of 2025. Wholesale Prices in Canada averaged 77.51 points from 1981 until 2026, reaching an all time high of 166.60 points in June of 2022 and a record low of 38.50 points in July of 1986. This page provides - Canada Raw Materials Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Raw Materials Prices - data, historical chart, forecasts and calendar of releases - was last updated on March of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-20 01:30 PM
Raw Materials Prices MoM
Jan 7.7% 0.3% 0.7% 0.3%
2026-03-20 12:30 PM
Raw Materials Prices MoM
Feb 0.6% 7.7% 2.4% 0.7%
2026-04-23 12:30 PM
Raw Materials Prices MoM
Mar 0.6% -0.8%

Components Last Previous Unit Reference
Consumer Price Index CPI 165.90 165.00 points Feb 2026
Producer Prices 138.20 137.60 points Feb 2026

Related Last Previous Unit Reference
Raw Materials Prices YoY 8.60 8.00 percent Feb 2026
Core Consumer Prices 161.30 160.60 points Feb 2026
Core Inflation Rate YoY 2.30 2.60 percent Feb 2026
CPI Housing Utilities 189.50 189.60 points Feb 2026
CPI Transportation 172.20 170.20 points Feb 2026
Export Prices 142.40 139.50 points Jan 2026
Food Inflation 5.40 7.30 percent Feb 2026
GDP Implicit Price 130.10 129.10 points Sep 2025
Import Prices 137.90 137.60 points Jan 2026
Inflation Rate YoY 1.80 2.30 percent Feb 2026
Inflation Rate MoM 0.50 0.00 percent Feb 2026
PPI YoY 5.40 4.30 percent Jan 2026
Raw Materials Prices MoM 159.40 158.50 points Jan 2026


Canada Raw Materials Prices
The raw materials price index (RPMI) reflects the prices paid by Canadian manufacturers for key raw materials. Unlike the industrial product price index, the RMPI includes goods that are not produced in Canada.
Actual Previous Highest Lowest Dates Unit Frequency
159.40 158.50 166.60 38.50 1981 - 2026 points Monthly
2020=100, NSA

News Stream
Canada Raw Materials Prices Rise Less than Expected
Canada’s Raw Materials Price Index increased 0.6% month over month in February, less than market expectations for a 2.4% rise, and was up 8.6% year over year, driven mainly by a 4.8% increase in crude energy products as both conventional and synthetic oil prices climbed amid rising geopolitical risks linked to US Iran tensions. Excluding energy, the index fell 1.1%. Metal ores and scrap declined 2.7%, with sharp drops in silver and iron ore prices as inventories in China increased. Crop products rose 0.7%, led by a 6.3% jump in canola after China reduced tariffs on Canadian imports. On an annual basis, the RMPI excluding energy surged 20.9%, supported by strong gains in precious metal ores and livestock prices, while crude oil prices remained lower year over year despite recent upward pressure from geopolitical concerns.
2026-03-20
Canadian Raw Material Prices Jump in January
Canada's Raw Materials Price Index (RMPI) climbed 7.7% month-over-month in January 2026, accelerating from a 0.5% gain in the prior month. Metal ores, concentrates, and scrap led the advance, surging 15.6%, a ninth consecutive monthly increase, driven primarily by sharp price gains in silver ores, concentrates, and mill bullion (41.8%) and gold ores, concentrates, and mill bullion (9.5%). Crude energy products also moved higher, rising 4.6% in January, with both conventional crude oil (4.9%) and synthetic crude oil (4.3%) posting monthly gains. Escalating geopolitical tensions between the US and Iran, compounded by ongoing domestic unrest in the OPEC member nation, fueled concerns over potential supply disruptions and pushed crude prices higher. On a yearly basis, the RMPI rose 8.0% in January.
2026-02-20
Canada Raw Materials Prices Rise Against Expectations in December
Canada’s Raw Materials Price Index (RMPI) increased 0.5% month-on-month in December 2025, following a 0.3% gain in November, and countering expectations for a 0.5% decrease. Prices for animals and animal products fell 1.3% in December. Crude energy products slipped 4.1%, with conventional crude oil down 4.7%, pressured by global oil oversupply and weak demand from China. In contrast, prices for metal ores, concentrates and scrap increased 6.2%, led by a 25.0% rise in silver ores and a 3.7% gain in gold ores, marking the eighth consecutive monthly increase. Excluding crude energy products, the RMPI advanced 2.4%.
2026-01-21