Canada producer prices for February 1 .4% YoY versus 5.0% last month (revised from 5.4%)

• Producer prices MoM -0.8% versus 0.3% revised (from 0.4% last month)
• producer prices year on year 1.4 versus 5.0% last month (revised down from 5.4%)
• raw material prices for February MoM -0.4% versus -0.2% last month (revised from -0.1%)
• raw material prices YoY -5.2% year on year versus 1.1% last month (revised from 1.2%).
• Price for energy and petroleum products fell -5.8% in February
• prices for nonferrous metal products fell -2.4% in February after increasing for four consecutive months
• prices for Ferris metals increase 1.7% for the first gain since June 2022

Input prices in Canada are falling sharply is good news for 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 going forward