Canada’s raw materials prices rose 0.7% month-over-month in May 2026, following a 2.6% increase in the previous month and below forecasts of a 1.1% rise. Crop product prices increased 2.2%, marking a fifth consecutive monthly gain, led by canola (3.5%), grains (3.2%), and wheat (4.6%). Prices for metal ores, concentrates, and scrap rose 0.5%, supported by higher prices for nickel ores and concentrates (4.6%) and copper ores and concentrates (4.6%). Lower prices for gold, silver, and platinum group metal ores and concentrates (-0.6%) partially offset the increase. Meanwhile, crude energy products fell 0.5% after sharp gains in March and April, mainly due to a 4.3% drop in synthetic crude oil. Despite the monthly decline, crude energy prices remained elevated in May amid conflict in the Middle East. The RMPI rose 33.4% year-on-year. source: Statistics Canada

Wholesale Prices in Canada increased to 184.90 points in May from 183.70 points in April of 2026. Wholesale Prices in Canada averaged 78.19 points from 1981 until 2026, reaching an all time high of 184.90 points in May of 2026 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 June of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-22 12:30 PM
Raw Materials Prices MoM
Apr 2.6% 11.9% 2.7% 3.0%
2026-06-18 12:30 PM
Raw Materials Prices MoM
May 0.7% 2.6% 1.1% 1.5%
2026-07-24 12:30 PM
Raw Materials Prices MoM
Jun 0.7%



Components Last Previous Unit Reference
Consumer Price Index CPI 169.60 168.00 points May 2026
Producer Prices 146.60 144.90 points May 2026

Related Last Previous Unit Reference
Raw Materials Prices YoY 33.40 31.50 percent May 2026
Core Consumer Prices 162.90 161.90 points May 2026
Core Inflation Rate YoY 2.20 2.10 percent May 2026
CPI Health and Personal Care 158.50 157.90 points May 2026
CPI Housing Utilities 190.10 190.20 points May 2026
CPI Recreation, Education and Reading 134.30 129.70 points May 2026
CPI Transportation 187.10 183.50 points May 2026
Export Prices 151.50 148.60 points Apr 2026
Food Inflation 3.80 3.50 percent May 2026
GDP Implicit Price 132.80 131.30 points Mar 2026
Goods Inflation 4.80 4.40 points May 2026
Import Prices 143.80 140.00 points Apr 2026
Inflation Rate YoY 3.20 2.80 percent May 2026
Inflation Rate MoM 1.00 0.40 percent May 2026
PPI YoY 13.60 11.10 percent May 2026
Raw Materials Prices MoM 184.90 183.70 points May 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
184.90 183.70 184.90 38.50 1981 - 2026 points Monthly
2020=100, NSA

News Stream
Canada RMPI Rises Less Than Expected
Canada’s raw materials prices rose 0.7% month-over-month in May 2026, following a 2.6% increase in the previous month and below forecasts of a 1.1% rise. Crop product prices increased 2.2%, marking a fifth consecutive monthly gain, led by canola (3.5%), grains (3.2%), and wheat (4.6%). Prices for metal ores, concentrates, and scrap rose 0.5%, supported by higher prices for nickel ores and concentrates (4.6%) and copper ores and concentrates (4.6%). Lower prices for gold, silver, and platinum group metal ores and concentrates (-0.6%) partially offset the increase. Meanwhile, crude energy products fell 0.5% after sharp gains in March and April, mainly due to a 4.3% drop in synthetic crude oil. Despite the monthly decline, crude energy prices remained elevated in May amid conflict in the Middle East. The RMPI rose 33.4% year-on-year.
2026-06-18
Canada Raw Materials Prices Rise 2.6% in April on Energy Surge
Canada’s raw materials prices increased 2.6% month-over-month in April 2026, following an 11.9% jump in March, as shipping disruptions in the Strait of Hormuz drove energy prices higher. Excluding crude energy products, raw materials prices declined 0.5%. Crude energy product prices rose 8.2% in April, after a 41.1% surge in March, with conventional crude oil up 6.2% and synthetic crude oil rising 17.8%. According to the International Energy Agency, global oil supply fell by another 1.8 million barrels per day in April, following a loss of over 10 million barrels per day in March. Meanwhile, prices for metal ores, concentrates, and scrap declined 0.9%, led by a 3.0% drop in gold, silver, and platinum group metal ores and concentrates. This included decreases in gold ores and concentrates (-2.9%) and silver ores and concentrates (-3.2%).
2026-05-22
Canada's RMPI Spikes on Energy Prices in March
Canada’s Raw Materials Price Index surged 12.0% month-on-month in March 2026, exceeding forecasts of 9.3% and a sharp rise from 0.6% in February. Crude energy products rose 41.1%, the largest monthly gain since May 2020, driven by supply disruptions in the Strait of Hormuz due to the US-Iran conflict. Conventional crude oil jumped 44.3%, and synthetic crude oil rose 38.5%. Crop prices increased 3.9%, marking the third consecutive monthly rise, led by canola (6.5%), grains (except wheat) (4.3%), and wheat (7.1%). Metal ores, concentrates, and scrap declined 0.9%, with silver ores down 4.5% and gold ores down 2.4%. The RMPI rose 23.6% year-on-year in March.
2026-04-23