Producer prices in Canada rose 2.2 percent year-on-year in December 2018, easing from a 2.8 percent gain in the prior month. It is the lowest annual rise in producer prices since February. The main positive contributions to the increase came from motorized and recreational vehicles (2.8%); pulp and paper products (+11.4); primary ferrous metal products (14.2%) and fabricated metal products and construction materials (8.1%). In contrast, lower prices were seen for energy and petroleum products (-3.4%), particularly motor gasoline (-10.1%) and light fuel oils (-6.3%) as well as for primary non-ferrous metal products (-2.4%). Producer Prices Change in Canada averaged 3.38 percent from 1957 until 2018, 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 5.80 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 5.50 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.