Canada industrial product price preview
Canada industrial product price preview: analysts expect the IPPI to fall 0.6% (m/m, nsa) in June after the 0.2% decline in May. Commodity prices declined, gasoline prices fell and the loonie was stronger relative to the U.S. dollar, a mix that analysts expect will leave a decline in the IPPI. The BoC's commodity price index declined 3.4% in June after the 1.8% fall in May. Meanwhile, the CPI's gasoline price index dropped 3.7% m/m in June after the 4.0% m/m decline in May. The IPPI is expected to post a 3.4 % y/y rate of increase in June after the 4.9% y/y gain in May. The annual growth rate picked-up as gasoline prices tracked higher through April relative to the low levels seen last year. The RMPI is projected to fall 4.0% in June, driven by a 7.0% tumble in oil (WTI) prices to $45.17 from $48.56. View the preview.