The industrial product price index in Canada increased 0.3 percent over a month earlier in August of 2020. It was the fourth consecutive monthly increase led by higher prices for primary non-ferrous metal products (6.3 percent). Also, cost rose for chemicals and chemical products (1.0 percent); lumber and other wood products (2.3 percent) and petrochemicals (6.1 percent). On the other hand, prices fell for both motorized and recreational vehicles (-0.8 percent) and energy and petroleum products (-1.0 percent). Year over year, producer prices went down 2.3 percent, continuing a downward trend that began in February 2020 due in large part to a drop in prices for energy and petroleum products (-24.6 percent).
Producer Prices in Canada averaged 62.76 points from 1956 until 2020, 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. Canada Producer Prices - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Statistics Canada
Producer Prices in Canada is expected to be 115.64 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 115.05 in 12 months time. In the long-term, the Canada Producer Prices is projected to trend around 119.09 points in 2021 and 121.47 points in 2022, according to our econometric models.