Canada September Industrial Product Prices Rise 2.0% Amid Raw Material Surge

Key Facts

1Canada's Industrial Product Price Index (IPPI) rose 2.0% month-over-month in September, exceeding the prior 1.3% increase.

2The Raw Materials Price Index (RMPI) jumped 4.8% month-over-month, bringing the annual increase to 27.0%.

Canada's Industrial Product Price Index (IPPI) rose 2.0% month-over-month in September, exceeding the prior month's 1.3% increase. According to investinglive.com, the Raw Materials Price Index (RMPI) jumped 4.8% on a monthly basis, bringing the annual increase for raw materials to 27.0%.

This acceleration in producer costs follows consumer inflation data released on October 19, 2026, which showed the annual Inflation Rate at 3.1% compared to a previous 3%. The surge in raw material prices indicates persistent inflationary pressure within the supply chain despite the recent cooling seen in some consumer price metrics.

The Bank of Canada is scheduled to announce its Interest Rate Decision on October 28, 2026, with market forecasts anticipating a potential rate hike to 2.5% from the previous 2.25%.