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Canada Commodity Prices Year-over-Year (YoY)

Price

2.9 %

Change +/-

+2.5 %

Percentage Change

+151.52 %

The current value of the Commodity Prices Year-over-Year (YoY) in Canada is 2.9 %. The Commodity Prices Year-over-Year (YoY) in Canada increased to 2.9 % on 4/1/2024, after it was 0.4 % on 3/1/2024. From 1/1/1982 to 5/1/2024, the average GDP in Canada was 3.76 %. The all-time high was reached on 4/1/2021 with 56.1 %, while the lowest value was recorded on 7/1/2009 with -34.8 %.

Source: Statistics Canada

Commodity Prices Year-over-Year (YoY) ·

3 years
5 years
10 years
25 Years
Max

Commodity Prices YoY

	Commodity Prices YoY
1/1/1982	8.6 %
2/1/1982	11.2 %
3/1/1982	10.1 %
4/1/1982	10.8 %
5/1/1982	10.9 %
6/1/1982	5.8 %
7/1/1982	6.7 %
8/1/1982	5.7 %
9/1/1982	6.9 %
10/1/1982	3.1 %
11/1/1982	3.4 %
12/1/1982	7.5 %
1/1/1983	5.9 %
2/1/1983	5.6 %
3/1/1983	5.1 %
4/1/1983	5.6 %
5/1/1983	4.2 %
6/1/1983	4.6 %
7/1/1983	1.9 %
8/1/1983	3.2 %
9/1/1983	2.4 %
10/1/1983	3.9 %
11/1/1983	4.2 %
12/1/1983	4.6 %
1/1/1984	3.2 %
2/1/1984	2.5 %
3/1/1984	4 %
4/1/1984	3.6 %
5/1/1984	3.8 %
6/1/1984	3.8 %
7/1/1984	3.4 %
8/1/1984	1.5 %
9/1/1984	1.5 %
10/1/1984	0.4 %
11/1/1984	4.8 %
12/1/1984	4.2 %
1/1/1985	3.1 %
2/1/1985	3.1 %
3/1/1985	2.5 %
4/1/1985	1.6 %
5/1/1985	1.4 %
6/1/1985	0.4 %
8/1/1985	0.2 %
10/1/1985	1.9 %
12/1/1985	0.4 %
4/1/1987	9.1 %
5/1/1987	13 %
6/1/1987	13.6 %
7/1/1987	16.4 %
8/1/1987	17.1 %
9/1/1987	13.9 %
10/1/1987	12.6 %
11/1/1987	11.7 %
12/1/1987	10.6 %
1/1/1988	6.3 %
2/1/1988	1.9 %
3/1/1988	1.9 %
4/1/1988	0.5 %
3/1/1989	4 %
4/1/1989	5 %
5/1/1989	3.7 %
6/1/1989	2.8 %
7/1/1989	4 %
8/1/1989	5.3 %
9/1/1989	3.9 %
10/1/1989	5.6 %
11/1/1989	5.1 %
12/1/1989	3.4 %
1/1/1990	1.4 %
2/1/1990	3.7 %
3/1/1990	0.7 %
8/1/1990	1.4 %
9/1/1990	11.4 %
10/1/1990	17.1 %
11/1/1990	18.1 %
12/1/1990	14.3 %
1/1/1991	10.2 %
2/1/1991	1.8 %
5/1/1992	2.6 %
6/1/1992	4.8 %
7/1/1992	5.5 %
8/1/1992	4.8 %
9/1/1992	7.7 %
10/1/1992	5.8 %
11/1/1992	7.4 %
12/1/1992	9.1 %
1/1/1993	10 %
2/1/1993	9.3 %
3/1/1993	10.2 %
4/1/1993	9.6 %
5/1/1993	8.1 %
6/1/1993	5.7 %
7/1/1993	3.9 %
8/1/1993	4.6 %
9/1/1993	1.8 %
10/1/1993	2.9 %
1/1/1994	1.8 %
2/1/1994	2.5 %
3/1/1994	2.4 %
4/1/1994	4.8 %
5/1/1994	6.5 %
6/1/1994	8.4 %
7/1/1994	12 %
8/1/1994	11.8 %
9/1/1994	9.7 %
10/1/1994	11 %
11/1/1994	16.4 %
12/1/1994	18.6 %
1/1/1995	20.3 %
2/1/1995	19 %
3/1/1995	18.1 %
4/1/1995	15 %
5/1/1995	10.5 %
6/1/1995	8.5 %
7/1/1995	5.5 %
8/1/1995	5.1 %
9/1/1995	5.6 %
10/1/1995	1.4 %
12/1/1995	1.1 %
4/1/1996	2.2 %
5/1/1996	3.1 %
6/1/1996	0.7 %
7/1/1996	2.6 %
8/1/1996	4.3 %
9/1/1996	7.4 %
10/1/1996	11 %
11/1/1996	9 %
12/1/1996	8.1 %
1/1/1997	8.7 %
2/1/1997	6.2 %
3/1/1997	2.2 %
4/1/1999	1 %
5/1/1999	2.7 %
6/1/1999	5.5 %
7/1/1999	9.1 %
8/1/1999	13.4 %
9/1/1999	16.4 %
10/1/1999	15.6 %
11/1/1999	22.6 %
12/1/1999	32 %
1/1/2000	29 %
2/1/2000	33.9 %
3/1/2000	30 %
4/1/2000	18.2 %
5/1/2000	23.6 %
6/1/2000	26.9 %
7/1/2000	20.5 %
8/1/2000	19.5 %
9/1/2000	19.3 %
10/1/2000	21.4 %
11/1/2000	20 %
12/1/2000	9.4 %
1/1/2001	10.3 %
2/1/2001	8.2 %
3/1/2001	5.8 %
4/1/2001	11.6 %
5/1/2001	5.7 %
6/1/2001	1.1 %
7/1/2001	0.6 %
8/1/2002	0.2 %
9/1/2002	6.1 %
10/1/2002	12.1 %
11/1/2002	12 %
12/1/2002	18.3 %
1/1/2003	22.2 %
2/1/2003	23.6 %
3/1/2003	12.3 %
4/1/2003	3.4 %
6/1/2003	0.5 %
3/1/2004	1.9 %
4/1/2004	9.1 %
5/1/2004	15.5 %
6/1/2004	15.2 %
7/1/2004	19.2 %
8/1/2004	22.5 %
9/1/2004	25.3 %
10/1/2004	29.2 %
11/1/2004	20.5 %
12/1/2004	11.9 %
1/1/2005	13.7 %
2/1/2005	12.6 %
3/1/2005	14.3 %
4/1/2005	13.4 %
5/1/2005	6.7 %
6/1/2005	13.8 %
7/1/2005	14 %
8/1/2005	15.1 %
9/1/2005	15.2 %
10/1/2005	9.2 %
11/1/2005	13.9 %
12/1/2005	17.8 %
1/1/2006	17.7 %
2/1/2006	10.8 %
3/1/2006	5.5 %
4/1/2006	13.3 %
5/1/2006	25.1 %
6/1/2006	16 %
7/1/2006	20.2 %
8/1/2006	10.4 %
9/1/2006	4.7 %
10/1/2006	3.1 %
11/1/2006	4.7 %
12/1/2006	11.4 %
1/1/2007	3.3 %
2/1/2007	10 %
3/1/2007	11.4 %
4/1/2007	8.7 %
5/1/2007	1.5 %
6/1/2007	4.2 %
7/1/2007	2.6 %
8/1/2007	3.6 %
9/1/2007	8.5 %
10/1/2007	12.1 %
11/1/2007	15.2 %
12/1/2007	10.9 %
1/1/2008	18.8 %
2/1/2008	15.8 %
3/1/2008	20.9 %
4/1/2008	23 %
5/1/2008	27.5 %
6/1/2008	32.9 %
7/1/2008	30 %
8/1/2008	23.7 %
9/1/2008	15.8 %
11/1/2009	9.8 %
12/1/2009	28.3 %
1/1/2010	30.8 %
2/1/2010	28.5 %
3/1/2010	15.7 %
4/1/2010	19 %
5/1/2010	9.7 %
6/1/2010	2 %
7/1/2010	7.6 %
8/1/2010	6.3 %
9/1/2010	8.2 %
10/1/2010	8.9 %
11/1/2010	9.1 %
12/1/2010	15.9 %
1/1/2011	14.2 %
2/1/2011	18.4 %
3/1/2011	22.5 %
4/1/2011	25.5 %
5/1/2011	26.8 %
6/1/2011	28.1 %
7/1/2011	25.3 %
8/1/2011	19.3 %
9/1/2011	19.7 %
10/1/2011	15 %
11/1/2011	15 %
12/1/2011	6.9 %
1/1/2012	6.4 %
2/1/2012	4.1 %
6/1/2013	4.2 %
7/1/2013	9.6 %
8/1/2013	6.2 %
9/1/2013	2.6 %
12/1/2013	2.2 %
1/1/2014	0.5 %
2/1/2014	4.3 %
3/1/2014	6.6 %
4/1/2014	9.3 %
5/1/2014	7.9 %
6/1/2014	9.4 %
7/1/2014	2.5 %
8/1/2016	0.5 %
10/1/2016	1.5 %
11/1/2016	4.6 %
12/1/2016	17.3 %
1/1/2017	23.2 %
2/1/2017	24.3 %
3/1/2017	16.9 %
4/1/2017	18.1 %
5/1/2017	8.4 %
6/1/2017	2.3 %
7/1/2017	4.2 %
8/1/2017	6 %
9/1/2017	6 %
10/1/2017	6.4 %
11/1/2017	13.9 %
12/1/2017	6.2 %
1/1/2018	7.9 %
2/1/2018	6.1 %
3/1/2018	10.2 %
4/1/2018	9.1 %
5/1/2018	15.3 %
6/1/2018	20.3 %
7/1/2018	22.2 %
8/1/2018	15.4 %
9/1/2018	14.5 %
10/1/2018	8 %
4/1/2019	3.2 %
11/1/2019	9.2 %
12/1/2019	7.9 %
1/1/2020	2.7 %
1/1/2021	5.8 %
2/1/2021	17.1 %
3/1/2021	34.6 %
4/1/2021	56.1 %
5/1/2021	40.1 %
6/1/2021	37.9 %
7/1/2021	38.9 %
8/1/2021	27.8 %
9/1/2021	32.8 %
10/1/2021	38.7 %
11/1/2021	37.6 %
12/1/2021	29.2 %
1/1/2022	30.7 %
2/1/2022	30.3 %
3/1/2022	42.6 %
4/1/2022	38.3 %
5/1/2022	38.1 %
6/1/2022	33.6 %
7/1/2022	20.5 %
8/1/2022	18.8 %
9/1/2022	12.6 %
10/1/2022	8.8 %
11/1/2022	8.6 %
12/1/2022	9 %
1/1/2023	1.8 %
9/1/2023	2.9 %
3/1/2024	0.4 %
4/1/2024	2.9 %

Commodity Prices Year-over-Year (YoY) History

Date	Value
4/1/2024	2.9 %
3/1/2024	0.4 %
9/1/2023	2.9 %
1/1/2023	1.8 %
12/1/2022	9 %
11/1/2022	8.6 %
10/1/2022	8.8 %
9/1/2022	12.6 %
8/1/2022	18.8 %
7/1/2022	20.5 %
6/1/2022	33.6 %
5/1/2022	38.1 %
4/1/2022	38.3 %
3/1/2022	42.6 %
2/1/2022	30.3 %
1/1/2022	30.7 %
12/1/2021	29.2 %
11/1/2021	37.6 %
10/1/2021	38.7 %
9/1/2021	32.8 %
8/1/2021	27.8 %
7/1/2021	38.9 %
6/1/2021	37.9 %
5/1/2021	40.1 %
4/1/2021	56.1 %
3/1/2021	34.6 %
2/1/2021	17.1 %
1/1/2021	5.8 %
1/1/2020	2.7 %
12/1/2019	7.9 %
11/1/2019	9.2 %
4/1/2019	3.2 %
10/1/2018	8 %
9/1/2018	14.5 %
8/1/2018	15.4 %
7/1/2018	22.2 %
6/1/2018	20.3 %
5/1/2018	15.3 %
4/1/2018	9.1 %
3/1/2018	10.2 %
2/1/2018	6.1 %
1/1/2018	7.9 %
12/1/2017	6.2 %
11/1/2017	13.9 %
10/1/2017	6.4 %
9/1/2017	6 %
8/1/2017	6 %
7/1/2017	4.2 %
6/1/2017	2.3 %
5/1/2017	8.4 %
4/1/2017	18.1 %
3/1/2017	16.9 %
2/1/2017	24.3 %
1/1/2017	23.2 %
12/1/2016	17.3 %
11/1/2016	4.6 %
10/1/2016	1.5 %
8/1/2016	0.5 %
7/1/2014	2.5 %
6/1/2014	9.4 %
5/1/2014	7.9 %
4/1/2014	9.3 %
3/1/2014	6.6 %
2/1/2014	4.3 %
1/1/2014	0.5 %
12/1/2013	2.2 %
9/1/2013	2.6 %
8/1/2013	6.2 %
7/1/2013	9.6 %
6/1/2013	4.2 %
2/1/2012	4.1 %
1/1/2012	6.4 %
12/1/2011	6.9 %
11/1/2011	15 %
10/1/2011	15 %
9/1/2011	19.7 %
8/1/2011	19.3 %
7/1/2011	25.3 %
6/1/2011	28.1 %
5/1/2011	26.8 %
4/1/2011	25.5 %
3/1/2011	22.5 %
2/1/2011	18.4 %
1/1/2011	14.2 %
12/1/2010	15.9 %
11/1/2010	9.1 %
10/1/2010	8.9 %
9/1/2010	8.2 %
8/1/2010	6.3 %
7/1/2010	7.6 %
6/1/2010	2 %
5/1/2010	9.7 %
4/1/2010	19 %
3/1/2010	15.7 %
2/1/2010	28.5 %
1/1/2010	30.8 %
12/1/2009	28.3 %
11/1/2009	9.8 %
9/1/2008	15.8 %
8/1/2008	23.7 %
7/1/2008	30 %
6/1/2008	32.9 %
5/1/2008	27.5 %
4/1/2008	23 %
3/1/2008	20.9 %
2/1/2008	15.8 %
1/1/2008	18.8 %
12/1/2007	10.9 %
11/1/2007	15.2 %
10/1/2007	12.1 %
9/1/2007	8.5 %
8/1/2007	3.6 %
7/1/2007	2.6 %
6/1/2007	4.2 %
5/1/2007	1.5 %
4/1/2007	8.7 %
3/1/2007	11.4 %
2/1/2007	10 %
1/1/2007	3.3 %
12/1/2006	11.4 %
11/1/2006	4.7 %
10/1/2006	3.1 %
9/1/2006	4.7 %
8/1/2006	10.4 %
7/1/2006	20.2 %
6/1/2006	16 %
5/1/2006	25.1 %
4/1/2006	13.3 %
3/1/2006	5.5 %
2/1/2006	10.8 %
1/1/2006	17.7 %
12/1/2005	17.8 %
11/1/2005	13.9 %
10/1/2005	9.2 %
9/1/2005	15.2 %
8/1/2005	15.1 %
7/1/2005	14 %
6/1/2005	13.8 %
5/1/2005	6.7 %
4/1/2005	13.4 %
3/1/2005	14.3 %
2/1/2005	12.6 %
1/1/2005	13.7 %
12/1/2004	11.9 %
11/1/2004	20.5 %
10/1/2004	29.2 %
9/1/2004	25.3 %
8/1/2004	22.5 %
7/1/2004	19.2 %
6/1/2004	15.2 %
5/1/2004	15.5 %
4/1/2004	9.1 %
3/1/2004	1.9 %
6/1/2003	0.5 %
4/1/2003	3.4 %
3/1/2003	12.3 %
2/1/2003	23.6 %
1/1/2003	22.2 %
12/1/2002	18.3 %
11/1/2002	12 %
10/1/2002	12.1 %
9/1/2002	6.1 %
8/1/2002	0.2 %
7/1/2001	0.6 %
6/1/2001	1.1 %
5/1/2001	5.7 %
4/1/2001	11.6 %
3/1/2001	5.8 %
2/1/2001	8.2 %
1/1/2001	10.3 %
12/1/2000	9.4 %
11/1/2000	20 %
10/1/2000	21.4 %
9/1/2000	19.3 %
8/1/2000	19.5 %
7/1/2000	20.5 %
6/1/2000	26.9 %
5/1/2000	23.6 %
4/1/2000	18.2 %
3/1/2000	30 %
2/1/2000	33.9 %
1/1/2000	29 %
12/1/1999	32 %
11/1/1999	22.6 %
10/1/1999	15.6 %
9/1/1999	16.4 %
8/1/1999	13.4 %
7/1/1999	9.1 %
6/1/1999	5.5 %
5/1/1999	2.7 %
4/1/1999	1 %
3/1/1997	2.2 %
2/1/1997	6.2 %
1/1/1997	8.7 %
12/1/1996	8.1 %
11/1/1996	9 %
10/1/1996	11 %
9/1/1996	7.4 %
8/1/1996	4.3 %
7/1/1996	2.6 %
6/1/1996	0.7 %
5/1/1996	3.1 %
4/1/1996	2.2 %
12/1/1995	1.1 %
10/1/1995	1.4 %
9/1/1995	5.6 %
8/1/1995	5.1 %
7/1/1995	5.5 %
6/1/1995	8.5 %
5/1/1995	10.5 %
4/1/1995	15 %
3/1/1995	18.1 %
2/1/1995	19 %
1/1/1995	20.3 %
12/1/1994	18.6 %
11/1/1994	16.4 %
10/1/1994	11 %
9/1/1994	9.7 %
8/1/1994	11.8 %
7/1/1994	12 %
6/1/1994	8.4 %
5/1/1994	6.5 %
4/1/1994	4.8 %
3/1/1994	2.4 %
2/1/1994	2.5 %
1/1/1994	1.8 %
10/1/1993	2.9 %
9/1/1993	1.8 %
8/1/1993	4.6 %
7/1/1993	3.9 %
6/1/1993	5.7 %
5/1/1993	8.1 %
4/1/1993	9.6 %
3/1/1993	10.2 %
2/1/1993	9.3 %
1/1/1993	10 %
12/1/1992	9.1 %
11/1/1992	7.4 %
10/1/1992	5.8 %
9/1/1992	7.7 %
8/1/1992	4.8 %
7/1/1992	5.5 %
6/1/1992	4.8 %
5/1/1992	2.6 %
2/1/1991	1.8 %
1/1/1991	10.2 %
12/1/1990	14.3 %
11/1/1990	18.1 %
10/1/1990	17.1 %
9/1/1990	11.4 %
8/1/1990	1.4 %
3/1/1990	0.7 %
2/1/1990	3.7 %
1/1/1990	1.4 %
12/1/1989	3.4 %
11/1/1989	5.1 %
10/1/1989	5.6 %
9/1/1989	3.9 %
8/1/1989	5.3 %
7/1/1989	4 %
6/1/1989	2.8 %
5/1/1989	3.7 %
4/1/1989	5 %
3/1/1989	4 %
4/1/1988	0.5 %
3/1/1988	1.9 %
2/1/1988	1.9 %
1/1/1988	6.3 %
12/1/1987	10.6 %
11/1/1987	11.7 %
10/1/1987	12.6 %
9/1/1987	13.9 %
8/1/1987	17.1 %
7/1/1987	16.4 %
6/1/1987	13.6 %
5/1/1987	13 %
4/1/1987	9.1 %
12/1/1985	0.4 %
10/1/1985	1.9 %
8/1/1985	0.2 %
6/1/1985	0.4 %
5/1/1985	1.4 %
4/1/1985	1.6 %
3/1/1985	2.5 %
2/1/1985	3.1 %
1/1/1985	3.1 %
12/1/1984	4.2 %
11/1/1984	4.8 %
10/1/1984	0.4 %
9/1/1984	1.5 %
8/1/1984	1.5 %
7/1/1984	3.4 %
6/1/1984	3.8 %
5/1/1984	3.8 %
4/1/1984	3.6 %
3/1/1984	4 %
2/1/1984	2.5 %
1/1/1984	3.2 %
12/1/1983	4.6 %
11/1/1983	4.2 %
10/1/1983	3.9 %
9/1/1983	2.4 %
8/1/1983	3.2 %
7/1/1983	1.9 %
6/1/1983	4.6 %
5/1/1983	4.2 %
4/1/1983	5.6 %
3/1/1983	5.1 %
2/1/1983	5.6 %
1/1/1983	5.9 %
12/1/1982	7.5 %
11/1/1982	3.4 %
10/1/1982	3.1 %
9/1/1982	6.9 %
8/1/1982	5.7 %
7/1/1982	6.7 %
6/1/1982	5.8 %
5/1/1982	10.9 %
4/1/1982	10.8 %
3/1/1982	10.1 %
2/1/1982	11.2 %
1/1/1982	8.6 %

...

Similar Macro Indicators to Commodity Prices Year-over-Year (YoY)

Name	Current	Previous	Frequency
🇨🇦 Consumer Price Index (CPI)	161.5 points	160.6 points	Monthly
🇨🇦 Consumer Price Index for Housing and Utilities	182.1 points	181.5 points	Monthly
🇨🇦 Core Consumer Prices	155.5 points	154.6 points	Monthly
🇨🇦 Core Inflation Rate	1.8 %	1.6 %	Monthly
🇨🇦 Core Inflation Rate MoM	0 %	-0.1 %	Monthly
🇨🇦 CPI Transport	169.3 points	173.5 points	Monthly
🇨🇦 Export Prices	135.4 points	136.7 points	Monthly
🇨🇦 Food Inflation	2.8 %	2.7 %	Monthly
🇨🇦 GDP Deflator	124.9 points	125.3 points	Quarter
🇨🇦 Import Prices	133.8 points	131.7 points	Monthly
🇨🇦 Inflation Expectations	4.92 %	4.91 %	Quarter
🇨🇦 Inflation Rate	2.9 %	2.7 %	Monthly
🇨🇦 Inflation Rate MoM	-0.4 %	-0.2 %	Monthly
🇨🇦 Median-CPI	2.8 %	2.6 %	Monthly
🇨🇦 Producer Price Change	1.8 %	1.4 %	Monthly
🇨🇦 Producer Price Inflation MoM	-0.6 %	-0.9 %	Monthly
🇨🇦 Producer prices	125.9 points	126.7 points	Monthly
🇨🇦 Rental inflation	8.2 %	8.9 %	Monthly
🇨🇦 Service Inflation	4 %	4.3 %	Monthly
🇨🇦 Trimmed Mean of the Consumer Price Index	2.9 %	2.8 %	Monthly
🇨🇦 Wholesale prices	135 points	139.3 points	Monthly

The Raw Materials Price Index (RMPI) represents the prices Canadian manufacturers pay for essential raw materials. Unlike the Industrial Product Price Index, the RMPI encompasses goods that are not produced domestically in Canada.

What is Commodity Prices Year-over-Year (YoY)?

Commodity Prices YoY (Year-over-Year) is a critical macroeconomic indicator that reflects the annual percentage change in the prices of various raw materials and primary agricultural products. At Eulerpool, a premier platform for presenting detailed macroeconomic data, we recognize the profound importance of tracking Commodity Prices YoY. This robust indicator provides essential insights into the economic health of nations, industries, and global markets. Commodity prices are the building blocks of the global economy. They encompass a diverse range of items, from precious metals like gold and silver, to energy resources such as oil and natural gas, as well as agricultural commodities like wheat, corn, and soybeans. These resources are fundamental to the production processes in numerous industries, influencing everything from manufacturing costs to consumer prices. Consequently, fluctuations in commodity prices can have far-reaching effects, impacting inflation rates, trade balances, and overall economic stability. The year-over-year analysis of commodity prices is particularly significant because it allows economists, policymakers, investors, and business leaders to identify trends and make informed decisions. By comparing prices from one year to the next, it becomes possible to discern patterns, understand market dynamics, and predict future movements. For instance, a consistent increase in the prices of agricultural commodities over several years might signal rising demand or declining supply, prompting stakeholders to take appropriate actions. One of the primary drivers behind shifts in commodity prices is supply and demand dynamics. When supply is disrupted—due to factors like natural disasters, geopolitical tensions, or production issues—prices tend to rise. Conversely, an increase in demand, fueled by economic growth or demographic changes, can also push prices upward. Monitoring Commodity Prices YoY helps illuminate these supply-demand imbalances, offering a clearer picture of underlying economic conditions. Inflation is another crucial factor linked to commodity prices. Central banks and financial institutions closely monitor commodity prices to gauge inflationary pressures. For example, a surge in oil prices can lead to higher transportation and production costs, which in turn can increase the prices of goods and services across the economy. By examining the Year-over-Year changes in commodity prices, economists can better anticipate inflation trends and adjust monetary policies accordingly to maintain economic stability. Global trade patterns also play a significant role in determining commodity prices. As commodities are often traded internationally, changes in trade policies, tariffs, and exchange rates can influence prices. For instance, tensions between major trading partners can disrupt supply chains and lead to price volatility. By tracking Commodity Prices YoY, stakeholders can assess the impact of such changes on the global market and make strategic decisions. Technological advancements and innovations are another aspect impacting commodity prices. The development of new extraction or production technologies can alter the supply of commodities, subsequently affecting their prices. For example, advancements in shale oil extraction have revolutionized the energy market, influencing the Year-over-Year prices of oil. Keeping an eye on these technological changes and their effect on commodity prices can provide valuable insights for future planning. Furthermore, environmental concerns and sustainability issues are increasingly influencing commodity prices. As the world moves towards greener energy sources and more sustainable practices, the demand for certain commodities, like lithium for batteries or rare earth metals for renewable energy technologies, is rising. At the same time, regulatory measures aimed at reducing carbon emissions can impact the supply and cost of fossil fuels. Tracking the Year-over-Year changes in commodity prices allows stakeholders to understand these evolving trends and adapt their strategies accordingly. The geopolitical landscape is another critical factor affecting commodity prices. Political instability, conflicts, and policy changes in commodity-rich regions can lead to supply disruptions and price fluctuations. For instance, political unrest in oil-producing countries can cause significant spikes in oil prices. By analyzing Commodity Prices YoY, investors and policymakers can better navigate the complexities of the geopolitical environment and mitigate associated risks. Investment strategies often hinge on the analysis of commodity prices. Commodities are a popular asset class, known for their potential to hedge against inflation and diversify portfolios. Investors rely on comprehensive data, such as the Year-over-Year changes in commodity prices, to make informed decisions about asset allocation and investment timing. For instance, a consistent upward trend in the prices of industrial metals might indicate a robust demand for infrastructure development, signaling an opportune moment for investment. Corporate strategists and business leaders also benefit from monitoring Commodity Prices YoY. Understanding price trends helps companies manage their supply chains, budget for raw material costs, and set competitive prices for their products. For example, a manufacturer reliant on aluminum would closely watch its Year-over-Year price changes to forecast production costs and adjust pricing strategies accordingly. Government institutions use Commodity Prices YoY data to formulate policies and support economic planning. Prices of essential commodities like food and energy directly impact the cost of living, influencing social welfare programs and subsidy allocations. Policymakers analyze these price trends to address economic challenges, ensure food security, and stabilize markets. At Eulerpool, we strive to offer the most accurate and comprehensive data on Commodity Prices YoY. Our platform provides an in-depth analysis of price movements across a wide array of commodities, supported by real-time data and historical trends. By leveraging our detailed insights, users can navigate the complexities of the commodity markets and make data-driven decisions in an ever-changing economic landscape. In conclusion, the Year-over-Year analysis of commodity prices is an indispensable tool for understanding and navigating the global economy. Whether it's assessing inflationary pressures, shaping investment strategies, or formulating governmental policies, the insights derived from tracking Commodity Prices YoY are invaluable. At Eulerpool, we are dedicated to providing the highest quality macroeconomic data to empower our users with the knowledge they need to succeed.

Country

Canada

Continent

America

Highest Value

56.1

Lowest Value

-34.8

Average Value

3.76

All Macro Indicators for Canada

Apartment

Consumer

Energy

GDP

Government

Health

Money

Trading