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.