Canada’s raw materials prices decreased 6.9% mom in June 2026, the largest monthly decline for the index since July 2022 and the first since August 2025, compared to forecasts of a 1.5% fall. The largest downward contribution came from prices for crude energy products (-13.7%) which declined for the second consecutive month. Both conventional crude oil (-15.7%) and synthetic crude oil (-9.8%) posted monthly decreases as a tentative deal between the US and Iran was announced. Excluding energy crude, the raw materials price index decreased 2.7%. Meanwhile, metal ores, concentrates and scrap (-5.1%) posted its largest monthly decline since June 2023. The driver of the decrease was the gold, silver, and platinum group metal ores and concentrates product group (-8.4%), which registered its largest drop since July 2017. Lower prices for nickel ores and concentrates (-4.3%) made an impact as well. Year-on-year, prices for raw materials increased 20.7%, slowing from a 33.4% gain in May. source: Statistics Canada

Wholesale Prices in Canada decreased to 172.20 points in June from 184.90 points in May of 2026. Wholesale Prices in Canada averaged 78.36 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 August of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
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 -6.9% 0.5% -1.5% -2.5%
2026-08-20 12:30 PM
Raw Materials Prices MoM
Jul -6.9% 0.1%



Components Last Previous Unit Reference
Consumer Price Index CPI 169.00 169.60 points Jun 2026
Producer Prices 145.60 147.60 points Jun 2026

Related Last Previous Unit Reference
Raw Materials Prices YoY 20.70 33.40 percent Jun 2026
Core Consumer Prices 163.00 162.90 points Jun 2026
Core Inflation Rate YoY 2.10 2.20 percent Jun 2026
CPI Health and Personal Care 158.60 158.50 points Jun 2026
CPI Housing Utilities 190.20 190.10 points Jun 2026
CPI Recreation, Education and Reading 134.50 134.30 points Jun 2026
CPI Transportation 184.20 187.10 points Jun 2026
Export Prices 152.00 154.30 points Jun 2026
Food Inflation 3.50 3.80 percent Jun 2026
GDP Implicit Price 132.80 131.30 points Mar 2026
Goods Inflation 3.50 4.80 points Jun 2026
Import Prices 150.10 144.60 points Jun 2026
Inflation Rate YoY 2.80 3.20 percent Jun 2026
Inflation Rate MoM -0.40 1.00 percent Jun 2026
PPI YoY 12.40 13.60 percent Jun 2026
Raw Materials Prices MoM 172.20 184.90 points Jun 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
172.20 184.90 184.90 38.50 1981 - 2026 points Monthly
2020=100, NSA

News Stream
Canada Raw Materials Prices Plunge 6.9%
Canada’s raw materials prices decreased 6.9% mom in June 2026, the largest monthly decline for the index since July 2022 and the first since August 2025, compared to forecasts of a 1.5% fall. The largest downward contribution came from prices for crude energy products (-13.7%) which declined for the second consecutive month. Both conventional crude oil (-15.7%) and synthetic crude oil (-9.8%) posted monthly decreases as a tentative deal between the US and Iran was announced. Excluding energy crude, the raw materials price index decreased 2.7%. Meanwhile, metal ores, concentrates and scrap (-5.1%) posted its largest monthly decline since June 2023. The driver of the decrease was the gold, silver, and platinum group metal ores and concentrates product group (-8.4%), which registered its largest drop since July 2017. Lower prices for nickel ores and concentrates (-4.3%) made an impact as well. Year-on-year, prices for raw materials increased 20.7%, slowing from a 33.4% gain in May.
2026-07-24
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