Indicator Showing MoM Change in Canada's Raw Materials Price Index
Canada| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The month-over-month Raw Materials Price Index (RMPI) indicates the percentage change in the prices of raw materials used by Canadian businesses compared to the previous month. This data, published monthly by Statistics Canada, is crucial for assessing inflationary pressures and production cost trends.
Month-over-month data helps track how raw material prices fluctuate over a short period. When raw material prices rise, production costs increase, potentially leading to higher consumer prices. Conversely, when raw material prices fall, production costs decrease, which might pose a risk of deflation.
This data serves as a key reference for policymakers to evaluate inflationary pressures and develop appropriate monetary policies. For instance, if raw material prices are surging, the central bank might consider raising interest rates to curb inflation. Conversely, if raw material prices are falling, there may be a need to strengthen economic stimulus measures. Additionally, this data is vital for businesses and investors, aiding in forecasting raw material price trends and informing economic outlooks and investment strategies.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
