Prior was +2.0% (revised to +1.6%)PPI Y/Y +13.6% vs +11.4% prior (revised to +11.1%)Raw materials price index M/M +0.7% vs +2.6% prior Raw material price index Y/Y +33.4% vs +31.6% prior
StatCan says: “The PPI increased 1.2% month over month in May, marking its fifth consecutive monthly increase. Disruptions to shipping through the Strait of Hormuz continued to affect global commodity markets in May, reflecting impacts on crude oil costs and supply chains since March of this year. This situation contributed to price increases across multiple commodity groups, including chemical and chemical products, energy and petroleum products and primary non-ferrous metal products. Excluding energy and petroleum products, the PPI increased 0.9%.
This article was written by Giuseppe Dellamotta at investinglive.com.