Industrial producer prices in Canada fell by 1.1% month-over-month in December of 2022, extending the upwardly revised 0.5% drop in the previous session and well above market forecasts of a 0.3% decrease. Manufacturers’ costs fell for energy and petroleum products (-9.8%) for a second consecutive month due to lower global crude oil benchmarks, driving prices to fall for finished motor gasoline (-14.6%) and diesel fuel (-8.7%). At the same time, prices declined for softwood lumber (-8.7%) for a fifth consecutive month, largely due to lower residential housing construction demand in the United States, while low Chinese demand drove primary ferrous metal prices to retreat by 2.1%. On a yearly basis, producer inflation slowed to 7.6% from the downwardly revised 9.4% in the previous month. source: Statistics Canada

Producer Price Inflation MoM in Canada averaged 0.28 percent from 1956 until 2022, reaching an all time high of 3.80 percent in January of 1980 and a record low of -2.90 percent in November of 2008. This page includes a chart with historical data for Canada Producer Price Inflation MoM. Canada Producer Price Inflation MoM - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

Producer Price Inflation MoM in Canada is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Producer Price Inflation MoM is projected to trend around 0.20 percent in 2024, according to our econometric models.

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Canada Producer Price Inflation MoM



Calendar GMT Actual Previous Consensus TEForecast
2022-12-19 01:30 PM Nov -0.4% 2.4% -0.4% 0.9%
2023-01-18 01:30 PM Dec -1.1% -0.5% -0.3% -0.1%
2023-02-17 01:30 PM Jan -1.1% -0.1%


Related Last Previous Unit Reference
Inflation Rate 6.30 6.80 percent Dec 2022
Inflation Rate MoM -0.60 0.10 percent Dec 2022
Consumer Price Index CPI 153.10 154.00 points Dec 2022
Core Inflation Rate 5.40 5.80 percent Dec 2022
Core Consumer Prices 149.20 149.70 points Dec 2022
Producer Prices 127.20 128.60 points Dec 2022
Producer Prices Change 7.60 9.40 percent Dec 2022
Export Prices 148.10 149.70 points Nov 2022
Import Prices 151.80 152.10 points Nov 2022
Wholesale Prices 139.30 143.80 points Dec 2022

Canada Producer Price Inflation MoM
In Canada, the Producer Price Inflation MoM measures a month-over-month change in the price of goods and services sold by manufacturers and producers in the wholesale market.
Actual Previous Highest Lowest Dates Unit Frequency
-1.10 -0.40 3.80 -2.90 1956 - 2022 percent Monthly
NSA

News Stream
Canadian Producer Prices Drop 1.1%
Industrial producer prices in Canada fell by 1.1% month-over-month in December of 2022, extending the upwardly revised 0.5% drop in the previous session and well above market forecasts of a 0.3% decrease. Manufacturers’ costs fell for energy and petroleum products (-9.8%) for a second consecutive month due to lower global crude oil benchmarks, driving prices to fall for finished motor gasoline (-14.6%) and diesel fuel (-8.7%). At the same time, prices declined for softwood lumber (-8.7%) for a fifth consecutive month, largely due to lower residential housing construction demand in the United States, while low Chinese demand drove primary ferrous metal prices to retreat by 2.1%. On a yearly basis, producer inflation slowed to 7.6% from the downwardly revised 9.4% in the previous month.
2023-01-18
Canada Producer Prices Fall in November
Producer prices in Canada fell by 0.4% month-over-month in November of 2022, after a 2.4% rise in the prior month, in line with market forecasts. The biggest downward pressure came from refined petroleum energy products (-2.7%), as prices fell for finished motor gasoline (-6.8%) and diesel fuel (-1.1%). Prices were also down for motorized and recreational vehicles (-0.6%) and decreased for the fourth straight month for softwood lumber (-2.8%). Conversely, those for primary non-ferrous metal products advanced (+3.7%), driven by unwrought gold, silver, and platinum group metals, and their alloys (+3.9%), unwrought nickel and nickel alloys (+13.9%), unwrought copper and copper alloys (+3.2%), as well as unwrought aluminum and aluminum alloys (+2.2%). On a yearly basis, producer prices rose by 9.7%, following a 10.1% surge in the previous month.
2022-12-19
Canada Producer Prices Rise More than Expected
Producer prices in Canada rose by 2.4% month-over-month in October of 2022, the most since March, following a revised flat reading in September and well above market expectations of a 0.4% rise. The biggest upward pressure came from refined petroleum energy products which rose 14.9%, the most since March and the first increase in four months. Costs also advanced for primary non-ferrous metal products (+2.2%), most precious metals such as unwrought silver and silver alloys (+5.6%), unwrought gold and gold alloys (+1.8%), as well as unwrought platinum group metals, and their alloys (+4.7%). At the same time, prices rose for motorized and recreational vehicles (+0.7%) but decreased for the third straight month for softwood lumber (-18.%). On a yearly basis, producer prices rose by 10.1%, after an upwardly revised 9.1% increase in the previous month.
2022-11-18