FX.co ★ Canada’s Industrial Product Inflation Cools Further in June, Year‑Over‑Year IPPI Slips to 12.4%

Canada’s Industrial Product Price Index (IPPI) inflation eased in June 2026, with the year-over-year rate slowing to 12.4%, down from 13.6% in May 2026. The data, updated on 24 July 2026, indicate a continued deceleration in producer price pressures compared with the same period a year earlier.

On a year-over-year basis, the June reading reflects a smaller increase in industrial product prices than in the prior month, suggesting some moderation in cost pressures at the factory gate. The previous figure for May was also measured as a year-over-year comparison, aligning with the current methodology that contrasts each month’s performance with the same month of the previous year.

While the IPPI remains elevated in double digits, the step down from May to June points to a gradual easing in producer inflation, a development that markets and policymakers will be monitoring closely for its potential implications on broader price dynamics and corporate margins in Canada’s industrial sector.