FX.co ★ Canada’s Raw Material Price Growth Accelerates in August, Extending Upward Trend

Canada’s Raw Material Price Index (RMPI) continued to climb in August 2026, with the year-over-year rate rising to 22.8%, up from 18.1% in July 2026. The data, updated on 17 September 2026, indicate a further intensification in input cost pressures faced by Canadian producers.

The RMPI measures the year-over-year change in raw material prices, comparing each month with the same month a year earlier. The latest reading shows that August’s raw material costs increased more sharply than in July, reinforcing a trend of accelerating price growth.

With both July and August posting strong annual gains, the data suggest that Canadian manufacturers and resource-intensive industries are contending with a persistently rising cost base, which may have implications for pricing, margins, and broader inflation dynamics in the months ahead.