Latest Raw Materials Price Index now out
- -6.8% prev revised down from -6.6%
- yy -20.9% vs -24.8% prev
- IPPI mm -0.3% vs -0.1% exp vs -0.3% prev
- yy -0.4% as prev
The Raw Materials Price Index (RMPI) measures the change in the price of raw materials purchased by manufacturers. It is a leading indicator of consumer inflation, which accounts for a majority of overall inflation.
The Industrial Product Price Index (IPPI) measures the change in the price of domestically produced goods sold by manufacturers.
USDCAD dips to 1.3207 from 1.3220 on a combo of this firmer headline but softer produce prices and softer than expected US Q3 GDP
Bids at 1.3200 still should prevent much of a loss from here. Keep an eye on oil as always
ALSO OUT: Canada NFPs Aug -58.6k but it's not key data
