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.
