The industrial product price index in Canada rose 1.4% month-over-month in December of 2020, following a 0.6% drop in the previous month, preliminary estimates showed. It was the first increase in industrial prices following two months of decline, driven by higher prices for lumber and other wood products (+10.8%), particularly softwood lumber (+21.7%). Additional upward pressure came from costs of energy and petroleum products (+7.9%), particularly refined petroleum energy products (+9.2%) such as diesel and biodiesel fuels (+10.1%) and motor gasoline (+7.7%). Prices also went up for primary non-ferrous metal products (+3.1%), on higher prices for unwrought aluminum and aluminum alloys (+8.1%) and unwrought copper and copper alloys (+7.6%). Prices for chemicals and chemical products (+2.2%) also increased. Year-on-year, producer prices rose up 1.5%. source: Statistics Canada

Producer Prices in Canada averaged 53.50 points from 1956 until 2020, reaching an all time high of 101.60 points in June of 2018 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 January of 2021.

Producer Prices in Canada is expected to be 99.60 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 132.61 in 12 months time. In the long-term, the Canada Producer Prices is projected to trend around 101.09 points in 2022 and 103.12 points in 2023, according to our econometric models.

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Canada Producer Prices

Actual Previous Highest Lowest Dates Unit Frequency
101.50 100.10 101.60 13.30 1956 - 2020 points Monthly
2020=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-30 01:30 PM PPI MoM Oct -0.4% 0.6% 0%
2020-12-11 01:30 PM PPI MoM Prel Nov -0.6% -0.4%
2021-01-05 01:30 PM PPI MoM Final Nov -0.6% -0.3% -0.6% -0.6%
2021-01-13 01:30 PM PPI MoM Prel Dec 1.4% -0.6%


News Stream
Canada Producer Prices Rebound in December
The industrial product price index in Canada rose 1.4% month-over-month in December of 2020, following a 0.6% drop in the previous month, preliminary estimates showed. It was the first increase in industrial prices following two months of decline, driven by higher prices for lumber and other wood products (+10.8%), particularly softwood lumber (+21.7%). Additional upward pressure came from costs of energy and petroleum products (+7.9%), particularly refined petroleum energy products (+9.2%) such as diesel and biodiesel fuels (+10.1%) and motor gasoline (+7.7%). Prices also went up for primary non-ferrous metal products (+3.1%), on higher prices for unwrought aluminum and aluminum alloys (+8.1%) and unwrought copper and copper alloys (+7.6%). Prices for chemicals and chemical products (+2.2%) also increased. Year-on-year, producer prices rose up 1.5%.
2021-01-13
Canada Producer Prices Fall 0.6%
The industrial product price index in Canada fell 0.6% mom in November of 2020, in line with preliminary estimates. The largest downward contributor was the lumber and other wood products (-10.7%), driven mostly by a steep record drop in the price of softwood lumber (-21.2%). Prices of meat, fish and dairy products went down 1.6%, mostly as a result of a 15.1% decrease in prices for fresh and frozen pork. In contrast, prices of energy and petroleum products jumped 4%. Year-on-year, industrial product prices were flat, compared to initial estimates of a 0.1 percent gain.
2021-01-05
Canada Producer Prices Extend Declines
The industrial product price index in Canada fell 0.6% mom in November of 2020, following a 0.4% drop in the previous month, preliminary estimates showed. The decline in the index was led mainly by a reduction in the price for lumber and other wood products (-11.1%), particularly softwood lumber (-21.1%), which posted its second consecutive monthly decline after a record increase in August (+23.3%) and near-record increases in July (+22.5%) and September (+20.6%). Prices for motorized and recreational vehicles (-0.6%) and meat, fish, and dairy products (-1.5%) also declined in November. Year-on-year, producer prices edged up 0.1%.
2020-12-11
Canada Producer Prices Drop for 1st Time in 6 Months
The industrial product price index in Canada fell 0.4 percent over a month earlier in October of 2020, following a 0.1 percent drop in the previous month. It was the first fall in the industrial product price index since April, led by lower cost of lumber and other wood products (-7%) driven softwood lumber (-12.7%). Also, prices decreased for primary non-ferrous metals (-2.1%), mostly due to silver; meat, fish, and dairy products (-1.1%), in particular fresh and frozen poultry (-6.3%), and fresh & frozen beef and veal (-2.4%). On the other hand, cot advanced for fruits, vegetables, feed and other food products (1.4%), namely grain and oilseed products, not elsewhere classified (4.8%); primary ferrous metal products (1.7%), of which basic and semi-finished iron or steel products (1.7%); pulp & paper (1.8%); and energy & petroleum (0.6%). Year-on-year, producer prices went up 0.7 percent, slowing from an upwardly revised 1.1 percent rise in the prior month.
2020-11-30

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.