Lates News

In April, Canada's finished product prices once again rose, increasing the risk of cost pass-through to consumers. Data from Statistics Canada showed that the Industrial Product Price Index rose by 2% month-on-month in April, marking the fourth consecutive month of increase. Due to ongoing disruptions in the Middle East affecting shipping in the Strait of Hormuz, prices of various commodities, including energy products, chemicals, and non-ferrous aluminum, saw significant increases. Compared to the same period last year, the Producer Price Index jumped by 11.4%, marking the 19th consecutive month of year-on-year increases, mainly due to strong investor demand pushing up prices of precious metals and their alloys for most of last year.