Raw Material Price Index

Raw Material Price Index released by the Statistics Canada measures the prices of key raw materials paid by Canadian manufacturers. The RMPI is an early indicator to measure inflation and changes in material prices. A high reading is seen as positive or bullish for the CAD, while a low reading is seen as negative or bearish.

Next event - Wednesday 22 January 2025 13:30

Previous
-0.5%
Forecast
0.4%
Actual
-

The typical/expected market impact of this event is low.

The consensus forecast for Raw Material Price Index is 0.4%. A higher value than forecast tends to be bullish for CAD/xxx pairs and bearish for xxx/CAD pairs.

Most recent - Monday 23 December 2024 13:30

Previous
3.8%
Revised
4%
Forecast
0.6%
Actual
-0.5%

Lower numbers than forecast tend to be bullish for xxx/CAD pairs and bearish for CAD/xxx pairs.

Trading range

Forecast history

The most recent announced value for Raw Material Price Index was -0.5% against a forecast of 0.6%.

Past events

Date
Forecast
Actual
Monday 23 December 2024 13:30
0.6%
-0.5%
Thursday 21 November 2024 13:30
-1.5%
3.8%
Tuesday 22 October 2024 12:30
-1.7%
-3.1%
Friday 20 September 2024 12:30
-2%
-3.1%
Wednesday 21 August 2024 12:30
-0.9%
0.7%
Friday 19 July 2024 12:30
-0.7%
-1.4%
Friday 21 June 2024 12:30
-0.6%
-1%
Tuesday 28 May 2024 12:30
3.2%
5.5%
Monday 22 April 2024 12:30
2.9%
4.7%
Monday 18 March 2024 12:30
-
2.1%
Monday 19 February 2024 13:30
-
1.2%
Wednesday 17 January 2024 13:30
-1.6%
-4.9%
Tuesday 19 December 2023 13:30
-3.5%
-4.2%
Friday 17 November 2023 13:30
-
-2.5%
Thursday 19 October 2023 12:30
2.3%
3.5%
Monday 18 September 2023 12:30
-
3%
Friday 18 August 2023 12:30
0%
3.5%
Tuesday 18 July 2023 12:30
-0.2%
-1.5%
Monday 19 June 2023 12:30
-0.1%
-4.9%
Tuesday 23 May 2023 12:30
0%
2.9%
Wednesday 19 April 2023 12:30
0%
-1.7%
Friday 17 March 2023 12:30
0%
-0.4%
Friday 17 February 2023 13:30
0%
-0.1%
Wednesday 18 January 2023 13:30
-1.3%
-3.1%
Monday 19 December 2022 13:30
0%
-0.8%
Friday 18 November 2022 13:30
0%
1.3%
Wednesday 19 October 2022 12:30
0%
-3.2%
Monday 19 September 2022 12:30
0%
-4.2%
Thursday 18 August 2022 12:30
0%
-7.4%
Wednesday 20 July 2022 12:30
0%
-0.1%
Friday 17 June 2022 12:30
-
2.5%
Thursday 19 May 2022 12:30
-
-2%
Friday 22 April 2022 12:30
0%
11.8%
Tuesday 22 March 2022 12:30
-0.6%
6%
Monday 28 February 2022 13:30
-0.2%
6.5%
Monday 31 January 2022 13:30
0.6%
-2.9%

Economic context

Recent economic data has been broadly neutral for CAD. Other recent announcements which may affect the market's interpretation of the next Raw Material Price Index result:

PreviousLatest
BoC Consumer Price Index Core (MoM)Bearish change-0.1%-0.3%
BoC Consumer Price Index Core (YoY)Bullish change1.6%1.8%
Consumer Price Index (MoM)Bearish change0%-0.4%
Consumer Price Index (YoY)Bearish change1.9%1.8%
Average Hourly Wages (YoY)Bearish change3.9%3.7%
Net Change in EmploymentBullish change50.5K90.9K
Unemployment RateBullish change6.8%6.7%

About Raw Material Price Index

Country:Canada
Currency:CAD
Source:Statistics Canada
Category:Inflation
Frequency:Monthly

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