Canada September raw materials price index rises 3.14% m/m, above 2.9% forecast

The upside surprise matters less than the persistence: a second consecutive month of roughly 3% gains at the raw materials stage suggests input-cost pressure is broadening rather than a one-off. That feeds directly into the cost base for producers and, eventually, downstream goods prices. Whether this momentum carries into the next reading is the open question, and it is the kind of print that keeps the inflation debate alive rather than settling it.