Canada January producer price index 1.6% m/m vs 0.2% expected

Priorwas +0.2%- PPI y/y +5.8% vs +4.1% prior
- Raw materials price index +3.7% m/m vs +1.3% prior
- Raw materials price index +11.8% y/y vs +9.1% prior
The softening Canadian dollar has been a problem for commodity price inflation.
Read more...