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.

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Canada Producer Price Inflation MoM



Related Last Previous Unit Reference
Inflation Rate 8.10 7.70 percent Jun 2022
Inflation Rate Mom 0.70 1.40 percent Jun 2022
Consumer Price Index CPI 152.90 151.90 points Jun 2022
Core Consumer Prices 147.80 147.30 points Jun 2022
Core Inflation Rate 6.20 6.10 percent Jun 2022
Producer Prices 131.40 132.80 points Jun 2022
Producer Prices Change 14.30 15.70 percent Jun 2022
Export Prices 158.90 158.50 points Jun 2022
Import Prices 143.90 143.10 points Jun 2022
Wholesale Prices 165.10 165.30 points Jun 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
1.70 0.80 3.80 -2.90 1956 - 2022 percent Monthly
NSA

News Stream
Canada Producer Prices Fall for 1st Time in 10 Months
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.
2022-07-20
Canada Producer Prices Rise for 9th Month
Producer prices in Canada jumped 1.7% month-over-month in May of 2022, picking up from a 0.8% increase in April. It was the ninth consecutive monthly increase, with main upward pressure coming from energy and petroleum products (10.7%), largely due to a higher gasoline (14.6%) and diesel fuel (10.6%) prices amid the war in Ukraine. Costs also advanced for chemicals and chemical products (3.5%), driven by plastic resins (7.5%) and petrochemicals (6.9%), and food products (2.2%), due to higher costs for grain. A steeper rise in Canada’s IPPI was capped by a sharp drop in prices of primary non-ferrous metal products (-8.1%) due to higher output from China. Year-over-year, the IPPI rose by 15%, easing from 16.4% in the prior month.
2022-06-17
Canada Producer Prices Rise More than Expected
Producer prices in Canada advanced 0.8% month-over-month in April of 2022, easing from a downwardly revised, 42-year high, 3.4% jump in the prior month but above market estimates of a 0.5% rise. It was the eighth consecutive monthly increase, with main upward pressure coming from energy and petroleum products (5.2%), largely due to surging prices for jet fuel (50.5%) because of record-low inventory levels in the US during the month. Producer costs also rose for primary ferrous metals (3.3%), driven by lower steel production in China amid their strict Covid lockdowns. A steeper rise in the IPPI was capped by lower prices for lumber and other wood products (-8.2%), driven by softwood lumber (-13.7%), possibly due to higher mortgage rates in the US. Year-over-year, the IPPI rose by 16.4%, easing from the downwardly revised 17.9% in the prior month.
2022-05-19