Canada Producer Inflation Accelerates in January

EthereumCraftsman · 2026-02-20T14:10:18+00:00

In January 2026, Canadian producer prices skyrocketed by 2.7%, rebounding from a previous decline. The surge was largely due to an 18.2% increase in non-ferrous metal products, with contributions from energy, chemicals, vehicles, and lumber. Year-over-year, prices rose 5.4%.

EthereumCraftsman

2026-02-20 14:10:18

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Canadian producer prices surged 2.7% month-over-month in January 2026, sharply reversing a 0.9% decline in the prior month and far exceeding forecasts of 0.2%. The headline increase was driven primarily by a steep 18.2% jump in primary non-ferrous metal products. Additional upward pressure came from energy and petroleum products (+1.7%), chemicals and chemical products (+2.2%), motorized and recreational vehicles (+0.7%), and lumber and other wood products (+1.4%). On an annual basis, the Producer Price Index rose 5.4% in January, marking the 16th consecutive month of year-on-year gains.

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