22.05.202612:30:00UTC+00Canada’s Raw Materials Price Growth Cools Sharply in April, Signalling Softer Input Cost Pressures

Canada’s Raw Materials Price Index (RMPI) growth decelerated sharply in April 2026, easing to 2.6% month-over-month from a previously heated 11.9% in March, according to data updated on 22 May 2026. The indicator tracks the price changes of raw materials purchased by Canadian manufacturers, offering an early signal of cost pressures feeding into the broader production chain.

The latest reading suggests a significant moderation in input cost inflation, as April’s 2.6% increase represents a notable cooling compared to March’s double‑digit surge. On a month-over-month basis, the “Actual” figure for April measures how prices changed relative to March, while the “Previous” figure reflects March’s increase compared with February.

For markets and policymakers, the slowdown in RMPI growth may be interpreted as a sign that some of the acute pressure on producer margins could be easing, potentially reducing the pace at which rising raw material costs are passed on to end consumers in the coming months.