Producer prices in Canada rose by 2.4% month-over-month in October of 2022, the most since March, following a revised flat reading in September and well above market expectations of a 0.4% rise. The biggest upward pressure came from refined petroleum energy products which rose 14.9%, the most since March and the first increase in four months. Costs also advanced for primary non-ferrous metal products (+2.2%), most precious metals such as unwrought silver and silver alloys (+5.6%), unwrought gold and gold alloys (+1.8%), as well as unwrought platinum group metals, and their alloys (+4.7%). At the same time, prices rose for motorized and recreational vehicles (+0.7%) but decreased for the third straight month for softwood lumber (-18.%). On a yearly basis, producer prices rose by 10.1%, after an upwardly revised 9.1% increase in the previous month. source: Statistics Canada

Producer Price Inflation MoM in Canada averaged 0.29 percent from 1956 until 2022, reaching an all time high of 3.80 percent in January of 1980 and a record low of -2.90 percent in November of 2008. This page includes a chart with historical data for Canada Producer Price Inflation MoM. Canada Producer Price Inflation MoM - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

Producer Price Inflation MoM in Canada is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Producer Price Inflation MoM is projected to trend around 0.40 percent in 2023, according to our econometric models.

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Canada Producer Price Inflation MoM



Calendar GMT Actual Previous Consensus TEForecast
2022-10-19 12:30 PM Sep 0.1% -1.6% -0.9% -0.7%
2022-11-18 01:30 PM Oct 2.4% 0% 0.4% 0.3%
2022-12-19 01:30 PM Oct 2.4% 0.2%


Related Last Previous Unit Reference
Inflation Rate 6.90 6.90 percent Oct 2022
Inflation Rate MoM 0.70 0.10 percent Oct 2022
Consumer Price Index CPI 153.80 152.70 points Oct 2022
Core Inflation Rate 5.80 6.00 percent Oct 2022
Core Consumer Prices 149.70 149.10 points Oct 2022
Producer Prices 129.50 126.50 points Oct 2022
Producer Prices Change 10.10 9.10 percent Oct 2022
Export Prices 149.10 150.50 points Sep 2022
Import Prices 147.70 144.00 points Sep 2022
Wholesale Prices 145.60 143.80 points Oct 2022

Canada Producer Price Inflation MoM
In Canada, the Producer Price Inflation MoM measures a month-over-month change in the price of goods and services sold by manufacturers and producers in the wholesale market.
Actual Previous Highest Lowest Dates Unit Frequency
2.40 0.00 3.80 -2.90 1956 - 2022 percent Monthly
NSA

News Stream
Canada Producer Prices Rise More than Expected
Producer prices in Canada rose by 2.4% month-over-month in October of 2022, the most since March, following a revised flat reading in September and well above market expectations of a 0.4% rise. The biggest upward pressure came from refined petroleum energy products which rose 14.9%, the most since March and the first increase in four months. Costs also advanced for primary non-ferrous metal products (+2.2%), most precious metals such as unwrought silver and silver alloys (+5.6%), unwrought gold and gold alloys (+1.8%), as well as unwrought platinum group metals, and their alloys (+4.7%). At the same time, prices rose for motorized and recreational vehicles (+0.7%) but decreased for the third straight month for softwood lumber (-18.%). On a yearly basis, producer prices rose by 10.1%, after an upwardly revised 9.1% increase in the previous month.
2022-11-18
Canada Producer Prices Unexpectedly Rebound
Producer prices in Canada went up by 0.1% month-over-month in September of 2022, after three consecutive months of decreases and against market expectations of a 0.9% fall. Prices increased for motorized and recreational vehicles (1.3%), mainly motor vehicle engines and motor vehicle parts (+2.2%) and pulp and rubber products (3%), partly due to a stronger dollar. Supply shortages and elevated costs for transportation and energy also contributed to the rise in prices. However, costs continued to decline for energy and petroleum products (-2.5%), on lower prices for refined petroleum energy products (-3.0%) and softwood lumber (-5.9%) attributed to a slowing housing market in the United States. On a yearly basis, producer prices rose by 9%, the least in 18 months, slowing from a downwardly revised 10.2% surge in the previous month.
2022-10-19
Canada Producer Prices Fall for 3rd Month
Producer prices in Canada fell 1.2 percent month-over-month in August of 2022, following an upwardly revised 2.5 percent drop in the prior month. It marked the third consecutive decline in producer prices, as costs continued to fall for energy and petroleum products (-6.5 percent) and declined at a record pace for ammonia and chemical fertilizers (-19.3 percent). Costs also fell substantially for softwood lumber (-7.5 percent) and primary ferrous metal products (-2.1 percent) retreated for a fifth consecutive month. On a yearly basis, producer price inflation slowed to 10.6 percent, the lowest since March 2021, compared to the downwardly revised 11.5 percent rise in the prior month.
2022-09-19