The industrial product price index in Canada increased 0.3 percent over a month earlier in August of 2020. It was the fourth consecutive monthly increase led by higher prices for primary non-ferrous metal products (6.3 percent). Also, cost rose for chemicals and chemical products (1.0 percent); lumber and other wood products (2.3 percent) and petrochemicals (6.1 percent). On the other hand, prices fell for both motorized and recreational vehicles (-0.8 percent) and energy and petroleum products (-1.0 percent). Year over year, producer prices went down 2.3 percent, continuing a downward trend that began in February 2020 due in large part to a drop in prices for energy and petroleum products (-24.6 percent).

Producer Prices in Canada averaged 62.76 points from 1956 until 2020, reaching an all time high of 119.70 points in June of 2018 and a record low of 15.60 points in February of 1956. This page provides the latest reported value for - Canada Producer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Producer Prices - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Statistics Canada

Producer Prices in Canada is expected to be 115.64 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 115.05 in 12 months time. In the long-term, the Canada Producer Prices is projected to trend around 119.09 points in 2021 and 121.47 points in 2022, according to our econometric models.

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Canada Producer Prices

Actual Previous Highest Lowest Dates Unit Frequency
114.80 114.50 119.70 15.60 1956 - 2020 points Monthly
2010=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-29 12:30 PM May 1.2% -2.3% 1.2% -0.6%
2020-07-31 12:30 PM Jun 0.4% 1.2% 0.5% 0.5%
2020-08-31 12:30 PM Jul 0.7% 0.2% 0.7% 0.5%
2020-09-29 12:30 PM Aug 0.3% 0.7% 0.2%


News Stream
Canada Producer Prices Rise for 4th Month
The industrial product price index in Canada increased 0.3 percent over a month earlier in August of 2020. It was the fourth consecutive monthly increase led by higher prices for primary non-ferrous metal products (6.3 percent). Also, cost rose for chemicals and chemical products (1.0 percent); lumber and other wood products (2.3 percent) and petrochemicals (6.1 percent). On the other hand, prices fell for both motorized and recreational vehicles (-0.8 percent) and energy and petroleum products (-1.0 percent). Year over year, producer prices went down 2.3 percent, continuing a downward trend that began in February 2020 due in large part to a drop in prices for energy and petroleum products (-24.6 percent).
2020-09-29
Canada Producer Prices Rise 0.7% MoM in July
The industrial product price index in Canada increased 0.7 percent over a month earlier in July 2020, following a downwardly revised 0.2 percent rise in the previous month and in line with market expectations of a 0.7 percent gain. The growth in the industrial product price index was mostly driven by energy & petroleum products (6.8%), in particular refined petroleum energy, including motor gasoline (+5.8%), light fuel oils (+13.7%), diesel fuel (+8.2%) and jet fuel (+11.2%). Excluding energy & petroleum products, the IPPI went up 0.1 percent, mainly due to non-ferrous metals (5.1%), boosted by higher cost of unwrought silver and silver alloys (+14.8%), unwrought gold and gold alloys (+5.9%) and unwrought copper and copper alloys (+10.3%), as investors have continued to purchase safe haven amid the ongoing uncertainty of the pandemic. Year over year, producer prices went down 2.3 percent, after dropping an upwardly revised 3.3 percent in the prior month.
2020-08-31
Canada Producer Prices Rise Less than Expected in June
The industrial product price index in Canada rose 0.4 percent over a month earlier in June 2020, following a 1.2 percent increase in the previous month but slightly below market forecast of a 0.5 percent gain. The growth in the industrial product price index was mainly due to energy & petroleum products (15 percent), namely refined petroleum energy, and biofuels (+19.1 percent) influenced by higher prices for crude oil. Excluding energy & petroleum products, the IPPI fell 1 percent mostly due to meat, fish, and dairy products (-3.4 percent); motorized & recreational vehicles (-1.4 percent); electrical & telecommunication products (-1.1 percent); and pulp & paper (-1.1 percent). Year over year, producer prices went down 3.1 percent, after declining 4.9 percent in the prior month.
2020-07-31
Canada Producer Prices Rise 1.2% in May
The industrial product price index in Canada increased 1.2 percent month-over-month in May of 2020, after falling 2.3 percent in the previous month which was the largest decrease since December of 2008. It is the first rise in producer prices so far this year, in line with market forecasts, driven mainly by higher prices for meat, fish and dairy products (8.3 percent) as well as energy and petroleum products (4.6 percent), namely motor gasoline (36.8 percent). Year over year, producer prices fell 4.9 percent in May, following a 6 percent drop in April, pulled downward primarily by lower prices for energy and petroleum products (-43 percent). Prices for meat, fish and dairy products (10.7 percent) were the main factor moderating the decline.
2020-06-29

Canada Producer Prices
In Canada, the Producer Price Index measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.