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Canadian producer inflation rises slower than expectations 📈

2:49 PM 22 January 2025

PPI in Canada (m/m):

  • Value: 0.2%
  • Forecast: 0.6%
  • Previous: 0.6%

Producer inflation rose by 0.2% m/m and 4.1% y/y in December. This pace is lower than the forecast and slower than November's growth. The highest inflation increases compared to the previous month were observed in textiles and leather (+2.1%), wood (+1.3%), and non-ferrous metals (+0.8%). Falling energy prices slightly slowed the PPI's momentum, which, excluding energy and fuel costs, increased by 0.4% m/m and 5.1% y/y.

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