The industrial product price index in Canada edged down 0.4% month over month in June 2021, following an upwardly revised 3.1% rise in the prior month, a preliminary estimate showed. Excluding energy and petroleum products, the IPPI went down 0.5%. It was the first monthly drop in producer prices since last November, mainly weighed down by prices of lumber and other wood products (-6.9%), in particular softwood lumber (-12.8%), following a record monthly growth in May. To a lesser extent, downward pressure also came from chemicals & chemical products (-1.4%), on lower petrochemical prices (-13.9%); fruits, vegetables, feed & other foot products (-1.4%), dragged down by grain and oilseed products (-8.5%); and non-ferrous metals (-0.8%). On an annual basis, the IPPI hiked 16.2%, the eleventh straight month of increases. source: Statistics Canada
Producer Prices in Canada averaged 53.91 points from 1956 until 2021, reaching an all time high of 114.30 points in May of 2021 and a record low of 13.30 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 July of 2021.
Producer Prices in Canada is expected to be 109.67 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 114.81 in 12 months time. In the long-term, the Canada Producer Prices is projected to trend around 109.87 points in 2022 and 112.07 points in 2023, according to our econometric models.