Canada’s Industrial Product Price Index (IPPI) growth slowed in April 2026, signaling a moderation in producer-level inflation pressures. The index rose 2.0% month-over-month in April, down from a 2.8% increase recorded in March 2026, according to data updated on 22 May 2026.
The IPPI measures price changes for industrial products as they leave the factory gate, and April’s reading reflects a softer pace of price gains compared with the prior month. On a month-over-month basis, the “actual” figure compares April to March 2026, while the “previous” figure captured the change in March relative to February 2026. The deceleration from 2.8% to 2.0% suggests that upstream price pressures, while still elevated, may be easing somewhat as the second quarter of 2026 progresses.
