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. source: Statistics Canada

Wholesale Prices in Canada increased to 150.50 points in December from 149.80 points in November of 2025. Wholesale Prices in Canada averaged 77.34 points from 1981 until 2025, 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
2026-01-21 01:30 PM
Raw Materials Prices MoM
Dec 0.5% 0.6% -0.5% -0.5%
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 7.7%

Components Last Previous Unit Reference
Consumer Price Index CPI 165.00 165.00 points Jan 2026
Producer Prices 137.40 133.80 points Jan 2026

Related Last Previous Unit Reference
Raw Materials Prices YoY 8.00 3.50 percent Jan 2026
Core Consumer Prices 160.60 160.20 points Jan 2026
Core Inflation Rate YoY 2.60 2.80 percent Jan 2026
CPI Housing Utilities 189.60 189.70 points Jan 2026
CPI Transportation 170.20 172.60 points Jan 2026
Export Prices 139.60 140.20 points Dec 2025
Food Inflation 7.30 6.20 percent Jan 2026
GDP Implicit Price 130.10 129.10 points Sep 2025
Import Prices 137.10 137.60 points Dec 2025
Inflation Rate YoY 2.30 2.40 percent Jan 2026
Inflation Rate MoM 0.00 -0.20 percent Jan 2026
PPI YoY 5.40 4.30 percent Jan 2026
Raw Materials Prices MoM 150.50 149.80 points Dec 2025


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
150.50 149.80 166.60 38.50 1981 - 2025 points Monthly
2020=100, NSA

News Stream
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
Canada Raw Materials Prices Moderate in November
Canada’s Raw Materials Price Index (RMPI) edged up 0.3% month-on-month in November 2025, following a 1.6% gain in October and missing market expectations of a 0.6% rise. Prices for animals and animal products fell 2.0%, the largest monthly decline since September 2024, driven by a 7.5% drop in hog prices as lower production costs boosted supply, alongside seasonal post-summer demand weakness. Crude energy prices slipped 0.5%, with conventional crude oil down 0.9%, pressured by global oversupply, although geopolitical risks from the Russia-Ukraine conflict partially offset the decline. In contrast, prices for metal ores, concentrates, and scrap increased 1.5%, led by a 4.0% gain in gold, silver, and platinum group metal ores and concentrates, marking the 15th consecutive monthly increase. Excluding crude energy products, the RMPI advanced 0.6%.
2025-12-22