Canada’s raw materials prices rose 3.1% month-on-month in August 2026, reversing a 2.1% decline in July and exceeding expectations for a 0.7% gain, while manufactured goods prices increased 1.3% month-on-month in July and were 13.5% higher than a year earlier. Crude and energy products drove the raw-materials rebound as renewed tensions or the resumption of conflict between the United States and Iran lifted energy costs. Statistics Canada said its industrial product price index recorded its 23rd consecutive annual increase in July.