Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), declined 1.4% month over month in June and gained 12.4% year over year. Meanwhile, prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), decreased 6.9% month over month and increased 20.7% year over year. …StatCan said improved prospects for shipping through the Strait of Hormuz following the announcement of a tentative agreement between the US and Iran contributed to lower energy prices. …Higher prices for lumber and other wood products (+2.6%), which recorded its sixth consecutive monthly gain, were the main moderator of the IPPI‘s monthly decline in June 2026. Rising prices for softwood lumber (+6.1%) drove the June increase, with the product group registering its largest month-over-month increase since November 2024.