Producer prices in Canada fell 1.1% month-over-month in June of 2022, following an upwardly revised 1.8% increase in May. It was the first slowdown in producer prices since August of last year, mostly reflecting lower prices of softwood lumber, which extended a 3-month drop (-32.9%) amid slowing demand from construction. Additionally, prices fell for non-ferrous metal products (-4.7%), notably in aluminum and aluminum alloys. Capping the downturn, energy prices maintained their upward momentum (2.1%), mostly reflecting higher refined petroleum energy prices, which rose for the sixth month in a row. Year-on-year, the IPPI rose by 14.3%, slowing from a 15.7% jump in the previous month, amid a record drop in softwood lumber prices. source: Statistics Canada
Producer Price Inflation MoM in Canada averaged 0.29 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 August of 2022.
Producer Price Inflation MoM in Canada is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.