The Industrial Product Price Index (IPPI) in Canada went up 0.1 percent from a month earlier in December 2019, following a revised 0.1 percent drop in November while markets had expected no change. The increase was largely driven by higher prices for primary non-ferrous metal products (1.2 percent), in particular unwrought silver and silver alloys (11.7 percent), which posted their strongest monthly increase since July 2016 (13.4 percent). Additional upward pressure came from chemicals (0.5 percent) and energy & petroleum (0.3 percent). In contrast, prices were down for motorized and recreational vehicles (-0.3 percent) and meat, fish and dairy products (-0.5 percent). Year-on-year, producer prices went up 0.3 percent, after an upwardly revised 0.6 percent decrease in November, mainly due to higher prices for energy and petroleum products (5.6 percent) and meat, fish and dairy products (3.1 percent).
Producer Prices in Canada averaged 62.22 points from 1956 until 2019, 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. source: Statistics Canada
Producer Prices in Canada is expected to be 122.14 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 127.39 in 12 months time. In the long-term, the Canada Producer Prices is projected to trend around 132.61 points in 2021 and 129.77 points in 2022, according to our econometric models.