FX.co ★ Canada’s Industrial Product Prices Accelerate in January, IPPI Rises to 5.4% YoY

Canada’s Industrial Product Price Index (IPPI) accelerated in January 2026, with the year-over-year rate rising to 5.4%, up from 4.3% in December 2025. The latest data, updated on 20 February 2026, indicate a strengthening pace of price growth for industrial products at the factory gate.

On a year-over-year basis, the current reading compares the change in prices in January 2026 with those in January a year earlier, while the previous figure reflected December 2025 against December of the prior year. The pick-up from 4.3% to 5.4% suggests mounting cost pressures within Canada’s industrial sector, a development that may have implications for producer margins, corporate pricing strategies and, potentially, future consumer inflation trends.