Canada PPI data
- Raw materials price index +0.6% vs +0.5% prior
- Of 21 commodity groups, prices up in 9, down in 9, unchanged in 3
The drop in industrial prices was driven by the pullback in lumber prices (-10.7) after the summer surge. They were still up 34.4% y/y.
Overall prices were flat year-over-year but that masks the wild divergence between energy (-28.6%) and metals (+21.0%).
