Canada’s Industrial Product Price Index (IPPI) posted a strong month-over-month rebound in January 2026, rising 2.7% compared with December, according to data updated on 20 February 2026. The move marks a sharp reversal from December 2025, when the index had declined by 0.9% versus November.
On a month-over-month basis, the “actual” January figure reflects how industrial product prices changed relative to December, while the “previous” figure captures December’s change relative to November. The swing from a 0.9% drop to a 2.7% gain suggests a notable strengthening in producer prices at the start of 2026, a development that may feed into upstream cost pressures for manufacturers and potentially influence future inflation dynamics in Canada.
