{"id":434642,"date":"2026-07-24T19:35:21","date_gmt":"2026-07-24T12:35:21","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/canada-june-ppi-1-4-versus-0-4-expected-434642\/"},"modified":"2026-07-24T19:35:21","modified_gmt":"2026-07-24T12:35:21","slug":"canada-june-ppi-1-4-versus-0-4-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/canada-june-ppi-1-4-versus-0-4-expected-434642\/","title":{"rendered":"Canada June PPI -1.4% versus -0.4% expected"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/canada-may-ppi-12-mm-vs-18-expected-20260618\/\" rel=\"follow\">Prior<\/a> +1.2% revised to 1.4%<\/li>\n<li>PPI MoM -1.4% vs -0.4% expected<\/li>\n<li>PPI YoY 12.4% vs 13.6% last month<\/li>\n<li>Raw Material Price index MoM -6.9% vs 0.5% last month<\/li>\n<li>Raw Material Price index YoY 20.7% vs 33.4% lst month<\/li>\n<\/ul>\n<p>Details of the PPI data:<\/p>\n<ul>\n<li>Main driver: A tentative U.S.-Iran agreement eased concerns over shipping through the Strait of Hormuz, sending energy prices sharply lower.\n<\/li>\n<li>Excluding energy and petroleum: IPPI edged down 0.1%, led by weaker primary non-ferrous metal prices.\n<\/li>\n<\/ul>\n<p>Key price changes<\/p>\n<ul>\n<li>Energy &amp; petroleum products:-9.1%\n<ul>\n<li>\nRefined petroleum products: -10.3%<\/li>\n<li>\nFinished motor gasoline: -11.0%<\/li>\n<li>\nDiesel fuel: -9.7%<\/li>\n<li>\nCrude energy products: -13.7% (second straight monthly decline)\n<\/li>\n<\/ul>\n<\/li>\n<li>Primary non-ferrous metal products:-4.7%\n<ul>\n<li>\nLargest monthly decline since July 2022<\/li>\n<li>\nPrecious metals:<\/p>\n<ul>\n<li>\nSilver: -12.9%<\/li>\n<li>\nPlatinum group metals: -10.8%<\/li>\n<li>\nGold: -5.5%<\/li>\n<\/ul>\n<\/li>\n<li>\nPrecious metals posted a fifth consecutive monthly decline after the strong rally through early 2026.\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Offsetting strength<\/p>\n<ul>\n<li>Lumber &amp; wood products:+2.6% (sixth straight monthly increase)\n<ul>\n<li>\nSoftwood lumber: +6.1%, the largest monthly gain since November 2024.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>For the Raw Material price data:\u00a0<\/p>\n<ul>\n<li>Main drivers: Sharp declines in crude energy products and metal ores, concentrates, and scrap.\n<\/li>\n<li>Excluding crude energy products: RMPI declined 2.7%.\n<\/li>\n<\/ul>\n<p>Key price changes<\/p>\n<ul>\n<li>Crude energy products:-13.7%\n<ul>\n<li>\nConventional crude oil: -15.7%<\/li>\n<li>\nSynthetic crude oil: -9.8%<\/li>\n<li>\nPrices fell after the announcement of a tentative U.S.-Iran agreement, easing concerns over oil supply disruptions.\n<\/li>\n<\/ul>\n<\/li>\n<li>Metal ores, concentrates &amp; scrap:-5.1%\n<ul>\n<li>\nLargest monthly decline since June 2023<\/li>\n<li>\nGold, silver &amp; platinum group metal ores: -8.4%<\/p>\n<ul>\n<li>\nLargest monthly drop since July 2017<\/li>\n<\/ul>\n<\/li>\n<li>\nNickel ores &amp; concentrates: -4.3%<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p style='box-sizing: border-box; margin: 0 0 11.5px; color: rgba(51, 51, 51, 1); font-family: \"Noto Sans\", sans-serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0; text-transform: none; widows: 2; word-spacing: 0; white-space: normal; text-decoration-style: initial; text-decoration-color: initial; font-size: 20px'>The\u00a0<a class=\"acro15-tooltip tooltipstered\" style=\"box-sizing: border-box; background-color: rgba(0, 0, 0, 0); text-decoration: none; color: inherit; cursor: help; border-bottom: 1px dotted rgba(0, 0, 0, 1)\">IPPI<\/a>\u00a0reflects the prices that producers in Canada receive as goods leave the factory gate. The\u00a0<a class=\"acro16-tooltip tooltipstered\" style=\"box-sizing: border-box; background-color: rgba(0, 0, 0, 0); text-decoration: none; color: inherit; cursor: help; border-bottom: 1px dotted rgba(0, 0, 0, 1)\">IPPI<\/a>\u00a0does not reflect what the consumer pays. Unlike the Consumer Price Index, the\u00a0<a class=\"acro17-tooltip tooltipstered\" style=\"box-sizing: border-box; background-color: rgba(0, 0, 0, 0); text-decoration: none; color: inherit; cursor: help; border-bottom: 1px dotted rgba(0, 0, 0, 1)\">IPPI<\/a>\u00a0excludes indirect taxes, such as sales taxes and tariffs, and all costs that occur between the time a good leaves the plant and the time the final user takes possession of the good. This includes transportation, wholesale and retail costs. Although the\u00a0<a class=\"acro18-tooltip tooltipstered\" style=\"box-sizing: border-box; background-color: rgba(0, 0, 0, 0); text-decoration: none; color: inherit; cursor: help; border-bottom: 1px dotted rgba(0, 0, 0, 1)\">IPPI<\/a>\u00a0does not measure the direct effect of tariffs on prices, tariffs may indirectly influence prices measured in the\u00a0<a class=\"acro19-tooltip tooltipstered\" style=\"box-sizing: border-box; background-color: rgba(0, 0, 0, 0); text-decoration: none; color: inherit; cursor: help; border-bottom: 1px dotted rgba(0, 0, 0, 1)\">IPPI<\/a>. For example, inputs used in the production process that are imported and on which Canada imposes a tariff may raise the prices charged by Canadian producers. Tariffs on Canadian imports or exports may also indirectly influence prices in the\u00a0<a class=\"acro20-tooltip tooltipstered\" style=\"box-sizing: border-box; background-color: rgba(0, 0, 0, 0); text-decoration: none; color: inherit; cursor: help; border-bottom: 1px dotted rgba(0, 0, 0, 1)\">IPPI<\/a>\u00a0through their impact on supply and demand dynamics.<\/p>\n<p style='box-sizing: border-box; margin: 0 0 11.5px; color: rgba(51, 51, 51, 1); font-family: \"Noto Sans\", sans-serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0; text-transform: none; widows: 2; word-spacing: 0; white-space: normal; text-decoration-style: initial; text-decoration-color: initial; font-size: 20px'>The\u00a0<a class=\"acro21-tooltip tooltipstered\" style=\"box-sizing: border-box; background-color: rgba(0, 0, 0, 0); text-decoration: none; color: inherit; cursor: help; border-bottom: 1px dotted rgba(0, 0, 0, 1)\">RMPI<\/a>\u00a0reflects the prices paid by Canadian manufacturers for key raw materials. The\u00a0<a class=\"acro22-tooltip tooltipstered\" style=\"box-sizing: border-box; background-color: rgba(0, 0, 0, 0); text-decoration: none; color: inherit; cursor: help; border-bottom: 1px dotted rgba(0, 0, 0, 1)\">RMPI<\/a>\u00a0includes all charges purchasers incur to bring a commodity to the establishment gate, including transportation charges, net taxes paid and customs duties and tariffs paid on imported raw materials.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior +1.2% revised to 1.4% PPI MoM -1.4% vs -0.4% expected PPI YoY 12.4% vs 13.6% last month Raw Material Price index MoM -6.9% vs 0.5% last month Raw Material Price index&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-434642","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=434642"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434642\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=434642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=434642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=434642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}