Canada October industrial product price data
- Prior was +1.0%
- Prices up 16.7% y/y vs 14.3% y/y prior
- Raw materials price index +4.8% m/m vs +2.4% prior+
- Full report
Any time you have producer prices climbing more than 1% monthly and raw materials up nearly 5%, you have a problem.
The producer price index has gone parabolic:
Digging through the report, the rise in energy products isn't a surprise but it's notable that it's filtered through to a 25.3% y/y rise in chemicals and chemical products. Another number to keep in mid is a 33% rise in fabricated metals and construction materials.