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.

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Canada Producer Prices

Actual Previous Highest Lowest Dates Unit Frequency
107.10 104.40 107.10 13.30 1956 - 2021 points Monthly
2020=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-12 01:30 PM PPI MoM Prel Jan 1.9% 1.6%
2021-02-26 01:30 PM PPI MoM Final Jan 2% 1.7% 1.9%
2021-03-15 12:30 PM PPI MoM Prel Feb 2.5% 2%
2021-03-31 12:30 PM PPI MoM Final Feb 2.6% 2.3% 2.5%


News Stream
Canada Producer Prices Rise the Most in Over 40 Years
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.
2021-03-31
Canada Producer Prices Rise for 3rd Month
The industrial product price index in Canada rose 2.5 percent month over month in February, accelerating from a 2 percent advance in January, a preliminary estimate showed. It was the third consecutive monthly increase in the industrial product price index. Excluding energy and petroleum products, the IPPI rose 1.9%. Cost rose for energy and petroleum products (8.8 percent); lumber and other wood products (4.8 percent); Primary non-ferrous metal products (3.2 percent); meat, fish and dairy products (3.7 percent) and chemicals and chemical products (2.7 percent). Year over year, the IPPI increased 6.9 percent.
2021-03-15
Canada Producer Prices Rise the Most since 2015
The industrial product price index in Canada rose 2% month-over-month in January of 2021, slightly above a preliminary estimate of a 1.9% increase and following an upwardly revised 1.7% increase in December. It was the strongest monthly increase since February 2015. Of the 21 major product groups, 15 were up, 5 were down and 1 was unchanged. Main upward pressure came from prices of lumber and other wood products (+10.8%), as well as energy and petroleum products (+7.9%), primarily as a result of higher prices for refined petroleum products (+8.2%). Costs also increased for chemicals (+3.3%); primary non-ferrous metal products (+1.5%) and meat, fish and dairy products (+1.8%). Year-on-year, producer prices surged 4%, compared to an earlier reading of a 3.8% rise and marking its biggest increase since October of 2018. Higher prices for lumber and other wood products (+61.6%) and primary non-ferrous metal products (+23.4%) were the principal causes of this gain.
2021-02-26
Canada Producer Prices Rise 1.9% MoM in January
The industrial product price index in Canada rose 1.9% month-over-month in January of 2021, following an upwardly revised 1.6% increase in December, a preliminary estimate showed. Main upward pressure came from prices of softwood lumber (19%) and energy and petroleum products (6.8%), namely refined petroleum energy products (7%), largely due to higher crude oil prices. Costs of primary non-ferrous metal products also increased (1.5%), mostly as a result of a 1.7% gain in unwrought gold, silver, and platinum metals. Year-on-year, producer prices surged 3.8%, the biggest increase since October of 2018.
2021-02-12

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.