The Industrial Product Price Index (IPPI) in Canada dropped 0.4 percent from a year earlier in November 2019, after a 1.4 percent fall in the previous month. It was the sixth consecutive month of declines in producer prices, mostly due to lower prices of energy and petroleum products (-2.5 percent), pulp and paper products (-7.8 percent), and chemicals and chemical products (-3.5 percent). Conversely, cost rose for meat, fish and dairy products (+3.8 percent) and motorized and recreational vehicles (+1.0 percent). Producer Prices Change in Canada averaged 3.33 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. source: Statistics Canada
Producer Prices Change in Canada is expected to be 2.30 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 3.00 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.