The industrial product price in Canada went up 0.8 percent month over month in November of 2021, following an upwardly revised 1.6 percent rise in the previous month, matching an earlier estimate. Main increases were seen in the cost of chemicals and chemical products (2.1 percent), namely ammonia and chemical fertilizers (10.5 percent); textile and leather products (2.5 percent); lumber and other wood products (1.9 percent) and fruit, vegetables, feed and other food products (1.7 percent). On the other hand, the cost of energy and petroleum products fell 0.7 percent, coinciding with a drop in crude oil prices. On a yearly basis, the IPPI surged 18.1 percent, the steepest rise since December of 1974. source: Statistics Canada

Producer Price Inflation MoM in Canada averaged 0.28 percent from 1956 until 2021, 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 January of 2022.

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Canada Producer Price Inflation MoM


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
0.80 1.60 3.80 -2.90 1956 - 2021 percent Monthly
NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-11-29 01:30 PM PPI MoM Final Oct 1.3% 1.2% 1.3%
2022-01-04 01:30 PM PPI MoM Final Nov 0.8% 1.6% 0.8% 1%
2022-01-31 01:30 PM PPI MoM Dec 0.8%


Related Last Previous Unit Reference
Inflation Rate 4.80 4.70 percent Dec/21
Inflation Rate Mom -0.10 0.20 percent Dec/21
Consumer Price Index CPI 144.00 144.20 points Dec/21
Core Inflation Rate 4.00 3.60 percent Dec/21
Core Consumer Prices 141.50 141.50 points Dec/21
Producer Prices 118.70 117.80 points Nov/21
Producer Prices Change 18.10 16.70 percent Nov/21
Export Prices 135.60 132.70 points Nov/21
Import Prices 134.80 132.90 points Nov/21
Wholesale Prices 132.00 133.40 points Nov/21


News Stream
Canada Producer Prices Rise 0.8% MoM in November
The industrial product price in Canada went up 0.8 percent month over month in November of 2021, following an upwardly revised 1.6 percent rise in the previous month, matching an earlier estimate. Main increases were seen in the cost of chemicals and chemical products (2.1 percent), namely ammonia and chemical fertilizers (10.5 percent); textile and leather products (2.5 percent); lumber and other wood products (1.9 percent) and fruit, vegetables, feed and other food products (1.7 percent). On the other hand, the cost of energy and petroleum products fell 0.7 percent, coinciding with a drop in crude oil prices. On a yearly basis, the IPPI surged 18.1 percent, the most since December of 1974.
2022-01-04
Canada Producer Inflation Confirmed at 1.3%
The industrial product price in Canada rose 1.3% month over month in October of 2021, in line with preliminary estimates and following an upwardly revised 1.2% increase in September. Prices for energy and petroleum products were up by 7.4% in October, namely motor gasoline (+5.3%), diesel and biodiesel fuels (+11.3%), as well as natural gas liquids and related products (+14.7%). Also, prices for softwood lumber advanced 11.9%, after four consecutive months of decreases. Additional upward pressure came from costs of ammonia and chemical fertilizers (14.9%) and other non-ferrous metals and alloys (9.1%), such as unwrought aluminum and aluminum alloys (+4.6%), as well as unwrought copper and copper alloys (+2.9%). Conversely, prices of meat products fell 6.0%, including fresh and frozen beef and veal (-14.3%), and fresh and frozen pork (-6.4%). On a yearly basis, the IPPI advanced 16.7% in October, in line with an earlier estimate and following an upwardly revised 15.3% in September.
2021-11-29
Canada Producer Prices Set to Rise 1.3% in October
The industrial product price in Canada rose 1.3 percent over a month in October of 2021, the highest reading since May, following a 1 percent increase in the previous month, preliminary estimates showed. Prices for energy and petroleum products rose 7.6 percent, mostly driven by refined petroleum energy products (8.1 percent), due to the supply-demand imbalance for petroleum. Also, prices rose for lumber and other wood products (5.4 percent), driven by softwood lumber (11.1 percent), and primary non-ferrous metal products (2.2 percent), due to metal alloys (9.6 percent) and aluminum alloys (4.6 percent). These gains were moderated by lower prices for meat, fish, and dairy products (-3.8 percent) and motorized vehicles (-0.4 percent), driven by aerospace equipment (-4 percent) and aircraft (-2.5 percent). On a yearly basis, preliminary estimates show the index advanced 16.7 percent from 14.9 percent in September.
2021-11-16