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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada PPI MoM fell to 0.2 in December 2024
FMPMonthlyReleased January 2025
Canada PPI MoM fell to 0.2 in December 2024, released January 2025, down 0.4 from November's 0.6 reading. The print came in cooler than the 0.6 consensus, a softer print than forecasters anticipated. PPI MoM has now declined for 3 consecutive months. Over the past 3 months, PPI MoM averaged 0.9, vs -0.47 in the prior 3-month window. The reading is in the 60th percentile of the trailing 24-month range.
Latest Release
0.2
Actual
0.6
Consensus
0.6
Previous
Median Absolute Error
±0.41 percentage points
across last 12 releases
Last Call
Jan 2025
Predicted: 0.9
Actual: 0.2
Error: +0.7
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The January 2025 reading fell from the previous value of 0.6. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±0.41. Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD) and positively correlated with CAD/JPY (Bullish CAD).
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PPI MoM - CA
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