The industrial product price index in Canada rose 2.6 percent month over month in February 2021, the largest monthly advance since January 1980 and above preliminary estimates of 2.5 percent. Cost rose for energy and petroleum products (9.8 percent), led mainly by motor gasoline (10.8 percent) and diesel and biodiesel fuels (+10 percent); lumber and other wood products (5.2 percent), driven mostly by higher prices for softwood lumber (6.4 percent); chemicals and chemical products (3.9 percent), due to ammonia and chemical fertilizers (+16.1 percent), petrochemicals (+9.1 percent), and plastic resins (+5.2 percent). Also, prices for primary non-ferrous metals increased 3.3%, with widespread rises among its subcomponents. Year over year, the IPPI increased 7.1 percent. Excluding energy and petroleum products, the index was up 7.9 percent. source: Statistics Canada
Producer Prices in Canada averaged 53.69 points from 1956 until 2021, reaching an all time high of 106.60 points in February 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 April of 2021.
Producer Prices in Canada is expected to be 107.50 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 103.53 in 12 months time. In the long-term, the Canada Producer Prices is projected to trend around 105.60 points in 2022 and 107.71 points in 2023, according to our econometric models.