Canada August producer price index -0.3% m/m vs +0.4% prior

Canada August producer price index data

• Prior was +0.4%
• Prices up 14.3% y/y vs 15.4% prior
• 16 commodity groups up 5 down
  
• Raw materials price index -2.4% vs +2.2% prior
• Raw materials +27.7% y/y vs 37.7% prior

This is a small win for Team Transitory but with all the supply chain bottlenecks and whatnot, the real pressure starts now. Digging deeper though, this drop was all about the 14.2% decline in lumber in the month.

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September 30, 2021 at 12:30AM
Adam Button
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