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Industrial And Raw Material Prices Rise From Supply Constraints

CANADA DATA
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  • Industrial Product Price Index +0.8% MOM in March after +1.1% in Feb as metal products are hit by supply constraints abroad. Precious metals rallied amid expectations that the United States Federal Reserve will make several interest rate cuts in 2024.
  • IPPI -0.5% YOY, the 6th consecutive decline.
  • Raw materials +4.7% MOM, the largest monthly increase in 2Y, driven by crude energy products which have been impacted by OPEC+ cuts and regional conflicts.
  • Raw materials also +0.8% YOY, the first increase since Sept 2023.
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  • Industrial Product Price Index +0.8% MOM in March after +1.1% in Feb as metal products are hit by supply constraints abroad. Precious metals rallied amid expectations that the United States Federal Reserve will make several interest rate cuts in 2024.
  • IPPI -0.5% YOY, the 6th consecutive decline.
  • Raw materials +4.7% MOM, the largest monthly increase in 2Y, driven by crude energy products which have been impacted by OPEC+ cuts and regional conflicts.
  • Raw materials also +0.8% YOY, the first increase since Sept 2023.