Canada’s Producer Price Index (PPI) for the month showed a 0.5% increase, down from the previous month’s 0.7% rise. This marks a 0.2 percentage point decrease, indicating a slowdown in producer price growth.
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The actual PPI figure of 0.5% fell short of analyst estimates of 0.9%, suggesting weaker-than-expected inflationary pressures. This could lead to a muted reaction in the stock market, particularly affecting sectors sensitive to input costs, such as manufacturing and consumer goods. The impact is likely to be short-term as investors adjust their inflation expectations.