The Industrial Product Price Index (IPPI) in Canada increased 1.2 percent year-on-year in February of 2019, following a 1.0 percent rise in January. Prices rose mainly due to motorized and recreational vehicles (+3.1%), primary ferrous metal products (+11.4%) and pulp and paper products (+7.2%). Producer Prices Change in Canada averaged 3.37 percent from 1957 until 2019, reaching an all time high of 21.10 percent in November of 1974 and a record low of -7.20 percent in July of 2009.
Producer Prices Change in Canada is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Canada to stand at 4.50 in 12 months time. In the long-term, the Canada Producer Prices Change is projected to trend around 4.10 percent in 2020, according to our econometric models.