Apr 23, 2026
Industrial product prices rose 2.4% M/M, above expectations for a 1.6% gain…
… driven by a record 27% jump in energy and petroleum product prices, a move we called out last month as an obvious symptom of the war in Iran…
… which caused a 41% sequential increase in crude product prices…
… making other input cost fluctuations look like child’s play.
With the US and Iran struggling to meet in the middle, April’s print should bring more of the same.
About Bullpen: Bullpen Finance Inc. publishes content on Canadian markets and provides paid research coverage of select Canadian issuers. Bullpen is paid in cash by covered issuers, does not accept stock or options, does not hold positions in covered securities, and does not conduct investment banking business. Bullpen and LodeRock Advisors Inc. are affiliated; LodeRock provides investor relations services to issuers, some of whom are covered by Bullpen Research. When a post discusses a covered issuer, a specific disclosure appears at the top of the post. This post is published for general information purposes. It is not personalized investment advice and is not tailored to any individual reader’s circumstances. Bullpen is not a registered investment adviser or dealer. For full disclosures, including analyst certification, jurisdictional statements, and conflict of interest policies, please see our Legal & Disclosures section on our website.
