Canadian Industrial Product and Raw Materials Price Indices for August
Industrial product and raw materials price indexes, August 2025
On Monday, Statistics Canada (StatCan) released the Industrial Product and Raw Materials Price Indices for August.
Industrial Product Price Index (IPPI)
The IPPI rose 0.5% in August and was up 4.0% year-over-year, marking the 11th consecutive annual increase.
The monthly change was mainly driven by higher prices for chemicals and chemical products, meat, fish and dairy products, motorized and recreational vehicles, and primary non-ferrous metal products. These increases were partially offset by lower prices for energy and petroleum products.
Excluding energy and petroleum products, the IPPI rose 0.7% in August.
Raw Materials Price Index (RMPI)
The RMPI fell 0.6% in August. Excluding crude energy products, the index rose 0.9%.
Year-over-year, the RMPI increased 3.2%. Excluding crude energy products, the index was up 15.5%.
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