Canada May producer price index 0.0% versus 0.5% estimate ...Middle East

Prior month 1.5% revised to 1.4%Producer Prices MoM 0.0% vs 0.5% estimateProducer prices YoY 1.8 % vs 1.4% last month revised to 1.3%. This was the biggest year on year increase since January 2023.Raw material prices MoM -1.0% vs 5.5% last month revised to 5.3%. Excluding accrued energy products, the RMPI rose 2.4%Raw material prices YoY 7.6% vs 3.1% last month revised to 2.9%The PPI was unchanged after four consecutive months of increases.Details: Energy prices and petroleum products -3.9% (first decrease after three month-to-month increases. The declines were due to lower prices for crude oil Lumber and other wood products -4.9%. Softwoods fell -10.2% for the largest decrease since June 20

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