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Data from Financial Modeling Prep. Forecasts by Sigmanomics Forecast Engine.
CanadaPPI YoY climbed to 4.1 in December 2024
Financial Modeling PrepMonthlyReleased January 2025
PPI YoY climbed to 4.1 in December 2024, up 1.9 from November's 2.2 reading. The print came in hotter than the 2.4 consensus, a hotter print than forecasters anticipated. PPI YoY has now risen for 4 consecutive months. Over the past 3 months, PPI YoY averaged 1.65, vs 0.73 in the prior 3-month window. PPI YoY is now the highest in 22 months.
Latest Release
4.1
Actual
2.4
Consensus
2.2
Previous
The January 2025 reading rose from the previous value of 2.2. Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD) and positively correlated with CAD/JPY (Bullish CAD).
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PPI YoY - CA
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