Canada Producer price index May 2022
  • Prior was +16.4% y/y
  • Prices +1.7% m/m vs +0.8% prior
  • Raw materials price index+37.4% y/y vs +38.3% prior
  • Raw materials price index +2.5% m/m vs -2.1% prior
  • Gasoline +14.6% m/m
  • Fruit, vegetables, feed and other food products up 2.2% in ninth consecutive monthly rise (+15.0% y/y)
  • Full report

I think the dip in the y/y number gives a misleading impression. The +1.7% m/m rise is more relevant for forward pricing and indicates no let-up in pipeline inflation.