The industrial product price index in Canada rose 1.4% month-over-month in December of 2020, following a 0.6% drop in the previous month, preliminary estimates showed. It was the first increase in industrial prices following two months of decline, driven by higher prices for lumber and other wood products (+10.8%), particularly softwood lumber (+21.7%). Additional upward pressure came from costs of energy and petroleum products (+7.9%), particularly refined petroleum energy products (+9.2%) such as diesel and biodiesel fuels (+10.1%) and motor gasoline (+7.7%). Prices also went up for primary non-ferrous metal products (+3.1%), on higher prices for unwrought aluminum and aluminum alloys (+8.1%) and unwrought copper and copper alloys (+7.6%). Prices for chemicals and chemical products (+2.2%) also increased. Year-on-year, producer prices rose up 1.5%. source: Statistics Canada
Producer Prices in Canada averaged 53.50 points from 1956 until 2020, reaching an all time high of 101.60 points in June of 2018 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 January of 2021.
Producer Prices in Canada is expected to be 99.60 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 132.61 in 12 months time. In the long-term, the Canada Producer Prices is projected to trend around 101.09 points in 2022 and 103.12 points in 2023, according to our econometric models.