Canada January IPPI 0.4% versus -0.1% estimate. YoY 5.4% versus 7.7% last month

• Prior month -1.1% MoM and 7.6% YoY
• IPPI (industrial product prices) MoM 0.4% versus -0.1%
• IPPI YoY 5.4% versus 7.7% last month (revised from 7.6%)
• Raw material prices (RMPI) month on month -0.1% versus -2.8% last month (revised or -3.1%). It was the third consecutive monthly decline
• Raw material prices (RMPI) year on year +1.2% versus 8.1% last month (revised from 7.5%).
• Prices of energy and petroleum products rose 0.4% versus -10.2% in December. For the year they rose 19.8%

The month on month data was a disappointment but the year on year trend is continuing the decline as sharp rises from a year ago, drop out. .

/inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term