The industrial product price in Canada went up 1 percent month over month in September of 2021, following a 0.3 percent drop in the previous month, a preliminary estimate showed. IPPI growth was led primarily by higher prices for energy and petroleum products (3.3 percent), mostly due to refined petroleum (3.7 percent). Also, prices rose for chemicals and chemical products (2.9 percent), namely petrochemicals (10.7 percent), motorized and recreational vehicles (0.8 percent), and fabricated metal products (3.3 percent), driven by metal building and construction materials (5 percent). These gains were moderated by lower prices for lumber and other wood products (-2.5 percent), namely softwood lumber (-2.5 percent). On a yearly basis, preliminary estimates show the index advanced 15 percent from an upwardly revised 14.7 percent in August. source: Statistics Canada

Producer Prices in Canada averaged 54.15 points from 1956 until 2021, reaching an all time high of 114.90 points in June of 2021 and a record low of 13.30 points in February of 1956. This page provides the latest reported value for - Canada Producer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Producer Prices - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Producer Prices in Canada is expected to be 110.78 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Producer Prices is projected to trend around 112.99 points in 2022 and 115.25 points in 2023, according to our econometric models.

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Canada Producer Prices


Calendar GMT Actual Previous Consensus TEForecast
2021-08-13 12:30 PM PPI MoM Prel Jul 0.1% 0.3%
2021-08-27 12:30 PM PPI MoM Final Jul -0.4% 0.0% 0.1% 0.1%
2021-09-29 12:30 PM PPI MoM Final Aug -0.3% -0.2% -0.2%
2021-10-15 12:30 PM PPI MoM Prel Sep 1% -0.3% 0.3%


News Stream
Canada Producer Prices Set to Rise 1% in September
The industrial product price in Canada went up 1 percent month over month in September of 2021, following a 0.3 percent drop in the previous month, a preliminary estimate showed. IPPI growth was led primarily by higher prices for energy and petroleum products (3.3 percent), mostly due to refined petroleum (3.7 percent). Also, prices rose for chemicals and chemical products (2.9 percent), namely petrochemicals (10.7 percent), motorized and recreational vehicles (0.8 percent), and fabricated metal products (3.3 percent), driven by metal building and construction materials (5 percent). These gains were moderated by lower prices for lumber and other wood products (-2.5 percent), namely softwood lumber (-2.5 percent). On a yearly basis, preliminary estimates show the index advanced 15 percent from an upwardly revised 14.7 percent in August.
2021-10-15
Canada Producer Prices Drop 0.3% in August
The industrial product price index in Canada fell 0.3% month over month in August of 2021, matching an earlier estimate and after a downwardly revised 0.2% drop in July. Among the 21 major commodity groups, 16 were up and 5 were down. Downward pressure came from prices of lumber and other wood products (-14.2%), namely softwood lumber (-22.3%), and primary non-ferrous metal products (-0.6%), such as unwrought gold, silver and platinum group metals, and their alloys (-4.1%). In contrast, higher prices for meat, fish and dairy products (+3.5%) and primary ferrous metal products (+3.7%) had the largest moderating effect on the decline. Year-on-year, producer prices were up 14.3%, following an upwardly revised 15.7% jump in the prior month.
2021-09-29
Canada Producer Prices Unexpectedly Fall in July
The industrial product price index in Canada fell 0.4% month over month in July 2021, compared to initial estimates of a flat reading and market consensus of a 0.1% increase. Among the 21 major commodity groups, 17 were up, 3 were down, and 1 was unchanged. Lumber and other wood products declined 23%, primarily driven by a 37.7% drop in prices for softwood lumber, the biggest monthly decline on record for this product group. Prices for basic and semi-finished iron or steel products were up 5.9% in July, an 11th consecutive monthly increase; and prices of the energy and petroleum products commodity group rose 3.1%. Year over year, the IPPI rose 15.4% in July, a 12th consecutive advance, following a 17.2% increase in June. This was mostly driven by higher prices for energy and petroleum products (+46.9%), primary ferrous metal products (+49.8%), as well as lumber and other wood products (+39.1%) compared with July 2020.
2021-08-27
Canada Producer Prices Set to Rise 0.1% in July
The industrial product price index in Canada went up 0.1% month over month in July 2021, following an upwardly revised 0.3% rise in the prior month, a preliminary estimate showed. The growth in the IPPI was led primarily by higher prices for energy and petroleum products (+5.1%) and chemicals and chemical products (+6.3%). Prices for primary ferrous metal products (+5.6%), such as basic and semi-finished iron or steel products (+5.7%), which have been increasing since September 2020, also supported the monthly gain in the IPPI. Motorized and recreational vehicles (+1.2%) posted a monthly increase in July, led mainly by motor vehicle engines and motor vehicle parts (+1.8%), and passenger cars and light trucks (+1.2%). These gains were largely moderated by lower prices for lumber and other wood products (-23.0%), namely softwood lumber (-37.7%), due to increased supply at sawmills. Year-over-year, the index advanced 16.2%, after an upwardly revised 17.4% jump in the previous month.
2021-08-13

Canada Last Unit Reference Previous Highest Lowest
Inflation Rate 4.40 percent Sep/21 4.10 21.60 -17.80
Inflation Rate Mom 0.20 percent Sep/21 0.20 2.60 -1.30
Consumer Price Index CPI 142.90 points Sep/21 142.60 142.90 12.10
Core Inflation Rate 3.70 percent Sep/21 3.50 5.40 0.00
Core Consumer Prices 140.70 points Sep/21 140.30 140.70 61.70
GDP Deflator 118.90 points Jun/21 116.30 118.90 11.80
Producer Prices 115.90 points Sep/21 114.80 115.90 13.30
Producer Prices Change 15.00 percent Sep/21 14.70 21.46 -7.14
Export Prices 127.40 points Aug/21 127.70 127.70 62.60
Import Prices 130.00 points Aug/21 127.70 8964.00 75.90
Food Inflation 3.90 percent Sep/21 2.70 20.18 -7.14
CPI Transportation 153.20 points Sep/21 153.80 153.80 10.90
CPI Housing Utilities 154.40 points Sep/21 153.90 154.40 39.10
Wholesale Prices 124.60 points Aug/21 127.60 130.70 38.50


Canada Producer Prices
In Canada, the Producer Price Index measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.