1:39 PM · 21 November 2024

BREAKING: Canada's elevated PPI brings USDCAD down

01:30 PM GMT, Canada - Inflation Data for October:

IPPI (industrial prices; yearly change): actual 1.1% YoY; previous -0.9% YoY;
IPPI (monthly change): actual 1.2% MoM; forecast 0.3% MoM; previous -0.6% MoM;
RMPI (raw materials prices; yearly change): actual -2.8% YoY; previous -8.8% YoY;
RMPI (monthly change) 3.8% MoM; forecast -1.5% MoM; previous -3.1% MoM

The main driver of the higher reading was a significant increase (5.5%) of non-ferrous metals' prices, especially amoung main precious metals (gold, silver, platinium) and their alloys.

Source: xStation5

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