Monitor CA RMPI m/m as it signals potential consumer inflation, influencing CAD valuation.
This is a primary indicator of consumer inflation; when manufacturers incur higher costs for goods, these expenses are often passed on to consumers.
What it Measures
Reflects the change in the prices of raw materials acquired by manufacturers.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it typically benefits the currency.
Source & Frequency
Statistics Canada (latest release) - https://www.statcan.gc.ca/en/ • Published monthly, approximately 21 days after the conclusion of the month.
How Data is Derived
N/A
Also Known As
N/A
Acronym
Raw Materials Price Index (RMPI)