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. source: Statistics Canada

Wholesale Prices in Canada increased to 159.40 points in February from 158.50 points in January of 2026. Wholesale Prices in Canada averaged 77.82 points from 1981 until 2026, reaching an all time high of 179.30 points in March 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 May of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
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 12% 0.9% 9.3% 1.8%
2026-05-22 12:30 PM
Raw Materials Prices MoM
Apr 12%



Components Last Previous Unit Reference
Consumer Price Index CPI 167.40 165.90 points Mar 2026
Producer Prices 141.70 138.40 points Mar 2026

Related Last Previous Unit Reference
Raw Materials Prices YoY 23.60 9.10 percent Mar 2026
Core Consumer Prices 161.60 161.30 points Mar 2026
Core Inflation Rate YoY 2.50 2.30 percent Mar 2026
CPI Housing Utilities 190.10 189.50 points Mar 2026
CPI Transportation 179.50 172.20 points Mar 2026
Export Prices 149.30 142.90 points Mar 2026
Food Inflation 4.00 5.40 percent Mar 2026
GDP Implicit Price 130.10 129.10 points Sep 2025
Import Prices 139.10 137.80 points Mar 2026
Inflation Rate YoY 2.40 1.80 percent Mar 2026
Inflation Rate MoM 0.90 0.50 percent Mar 2026
PPI YoY 7.80 5.60 percent Mar 2026
Raw Materials Prices MoM 179.30 160.10 points Mar 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
179.30 160.10 179.30 38.50 1981 - 2026 points Monthly
2020=100, NSA

News Stream
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
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