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2026-05-22 21:00:49
[Canadian Finished Goods Prices Rise for Fourth Consecutive Month, Risk of Cost Pressures Passing to Consumers Increases] ⑴ Statistics Canada data shows that the industrial product price index rose 2% month-over-month in April, marking the fourth consecutive month of increases. Energy products, chemicals, and unwrought aluminum prices rose sharply that month due to ongoing disruptions to shipping in the Strait of Hormuz caused by the Middle East conflict. ⑵ Compared to the same period last year, the producer price index jumped 11.4%, recording its 19th consecutive month of year-over-year increases, primarily driven by strong investor demand that pushed up prices for precious metals and their alloys for most of last year.
