Canadian Industrial Product and Raw Materials Price Indices for January
Industrial product and raw materials price indexes, January 2026
On Friday, Statistics Canada (StatCan) released the Industrial Product and Raw Materials Price Indices for January.
Industrial Product Price Index (IPPI)
The IPPI rose 2.7% in January and was up 5.4% year-over-year. The monthly increase followed a 0.9% decline in December and reflected higher prices across several sectors.
Softwood lumber prices rose 3.7% in January after declining 6.2% in December. StatCan attributed the increase partly to tight supply conditions caused by severe winter weather in Eastern Canada and ongoing mill closures across the country.
Raw Materials Price Index (RMPI)
The RMPI rose 7.7% in January. Excluding crude energy products, the index increased 9.0%.
Prices for metal ores, concentrates, and scrap increased 15.6%, while crude energy products rose 4.6%.
Year-over-year, the RMPI was up 8.0%. Excluding crude energy products, the index rose 25.7%.
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