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Canada’s Raw Materials Price Index (RMPI) jumped sharply in March 2026, raising the prospect of higher input costs for producers and potentially renewed price pressures in the broader economy.
According to data updated on 23 April 2026, the RMPI rose 12.0% month-over-month in March, a significant acceleration from the 0.6% increase recorded in February 2026. The figures show that while raw material costs were relatively stable at the start of the year, they have now moved decisively higher on a monthly comparison basis.
The month-over-month measure compares March’s price levels to those in February, while the previous reading compared February to January. The sharp swing suggests a rapid change in raw material market conditions heading into spring 2026, a development that manufacturers and policymakers will be watching closely for its potential impact on production costs and inflation trends.
