The Industrial Product Price Index (IPPI) in Canada went up 0.1 percent from a month earlier in November 2019, after a revised flat reading in October and slightly below market estimates of a 0.2 percent gain. Higher prices were recorded for meat, fish & dairy products (1.3 percent), of which fresh and frozen beef and veal (6.5 percent), which posted their largest increase since July 2014; energy and petroleum products (0.3 percent), in particular light fuel oils (2.8 percent) and diesel fuel (2.7 percent) and motorized and recreational vehicles (0.3 percent), namely passenger cars and light trucks (0.2 percent), motor vehicle engines and motor vehicle parts (0.3 percent), and aircraft (0.4 percent). In contrast, prices fell for primary non-ferrous metal products (-1 percent), mostly unwrought silver and silver alloys (-13.2 percent); and chemicals (-0.3 percent). Year-on-year, producer prices dropped 0.4 percent, following a 1.4 percent rise in the previous month.

Producer Prices in Canada averaged 62.15 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 129.77 points in 2020, according to our econometric models.

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Canada Producer Prices

Actual Previous Highest Lowest Dates Unit Frequency
117.50 117.50 119.70 15.60 1956 - 2019 points Monthly
2010=100, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 12:30 PM PPI MoM Aug 0.2% -0.3% 0.3% 0.1%
2019-10-31 12:30 PM PPI MoM Sep -0.1% 0.2% 0.2% 0.5%
2019-11-29 01:30 PM PPI MoM Oct 0.1% -0.1% 0% 0.3%
2020-01-06 01:30 PM PPI MoM Nov 0.1% 0% 0.2% -0.2%


News Stream
2019-11-29
Canada Producer Prices Rise Slightly
The Industrial Product Price Index (IPPI) in Canada edged up 0.1 percent month-over-month in October 2019, reversing a 0.1 percent decline in September and defying market expectations of a flat reading. Energy and petroleum products increased by 1.2 percent, driven primarily by higher prices for diesel (4.1 percent) and light fuel oils (3.5 percent). However, there were decreases in prices for primary non-ferrous metal (-1.0 percent), driven mainly by lower prices for unwrought precious metals and precious metal alloys (-2.3 percent), including unwrought gold and gold alloys (-1.5 percent) and unwrought silver and silver alloys (-3.4 percent). On a year-over-year basis, the IPPI was down 1.3 percent, primarily due to a 9.5 percent plunge in energy and petroleum products.

2019-10-31
Canada Producer Prices Unexpectedly Fall in September
The Industrial Product Price Index (IPPI) in Canada went down 0.1 percent month-over-month in September of 2019, after a 0.2 percent increase in the previous month and missing market expectations of a 0.2 percent gain. The decline was almost entirely due to lower prices for meat, fish and dairy products (-3.4 percent), particularly fresh and frozen pork (-12.0 percent). In contrast, cost advanced faster for primary non-ferrous metal (1.7 percent); energy and petroleum (0.5 percent) and chemicals and chemical products (0.5 percent). Year-on-year, producer prices declined 1.3 percent, mainly due to lower prices for energy and petroleum products (-10.2 percent).

2019-09-30
Canada Producer Prices Rise Less than Expected in August
The Industrial Product Price Index (IPPI) in Canada increased 0.2 percent month-over-month in August 2019, rebounding from a 0.3 percent fall in the previous month and below market expectations of a 0.3 percent rise. Cost of meat, fish and dairy products (2.7 percent), in particular fresh and frozen pork (+9.9 percent); and primary non-ferrous metal products (2.4 percent), led by unwrought precious metals and precious metal alloys (+7 percent) were mostly offset by lower prices for energy and petroleum products (-2.8 percent), namely motor gasoline (-6.3 percent). Year-on-year, producer prices dropped 1 percent, after declining 1.7 percent in July. Meantime, prices for raw materials purchased by Canadian manufacturers, as measured by the Raw Materials Price Index (RMPI), went down 1.8 percent over the previous month, following an upwardly revised 1.3 percent gain in July, mostly due to lower prices of crude energy products.

2019-08-30
Canada Producer Prices Unexpectedly Fall in July
The Industrial Product Price Index (IPPI) in Canada went down 0.3 percent month-over-month in July of 2019, following a 1.4 percent drop in the previous month and missing market expectations of a 0.3 percent gain. Prices of meat, fish and dairy products decreased 1.9 percent, marking the second straight monthly fall, amid lower prices for fresh and frozen pork (-7.1 percent). In contrast, energy and petroleum products cost increased (1.2 percent), principally motor gasoline (3.9 percent). Year-on-year, producer prices declined 1.7 percent, the same as the revised value in the previous month. Meanwhile, following two months of decline, the Raw Materials Price Index (RMPI) rose 1.2 percent month-over-month in July, rebounding from a upwardly revised 6.1 percent decline in the prior month.


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.