The Industrial Product Price Index (IPPI) in Canada increased 0.3 percent month-on-month in February of 2019, rebounding from a 0.3 percent fall in January. Prices rebounded for energy and petroleum products (3.1 percent from -2.0 percent in January), particularly cost went up for motor gasoline (3.6 percent), light fuel oils (4.6 percent) and diesel fuel (3.9 percent); chemicals and chemical products (1.1 percent from -1.7 percent) and for primary non-ferrous metal products (0.8 percent from -0.3 percent). In contrast, cost declined for meat, fish and dairy products (-0.6 percent from 1.1 percent) and for primary ferrous metal products (-1.3 percent from -0.3 percent). Producer inflation in Canada increased 1.2 percent year-on-year in February, following a 1.0 percent rise in the previous month. Producer Prices in Canada averaged 61.49 Index Points from 1956 until 2019, reaching an all time high of 119.70 Index Points in June of 2018 and a record low of 15.60 Index Points in February of 1956.
Producer Prices in Canada is expected to be 123.52 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices in Canada to stand at 119.00 in 12 months time. In the long-term, the Canada Producer Prices is projected to trend around 139.39 Index Points in 2020, according to our econometric models.