The industrial product price index in Canada eased to 1.6 percent month over month in March 2021, from an upwardly revised 2.8 percent gain, an over 40-year high, in the previous month and in line with preliminary estimates. Main upward pressure came from lumber and other wood products (10.2 percent), driven mostly by higher prices for softwood lumber (11.9 percent) and veneer & plywood (20.1 percent); energy and petroleum products (4.6 percent), led mainly by motor gasoline (6.8 percent) and diesel and biodiesel fuels (3.5 percent); chemicals and chemical products (4.1 percent), due petrochemicals (14.1 percent), plastic resins (9.9 percent), and ammonia and chemical fertilizers (6.6 percent). Also, prices climbed for fruits, vegetables, feed, and other food products (1.7 percent) and primary non-ferrous metals increased (1.3 percent). Year over year, the IPPI increased 10.0 percent. Excluding energy and petroleum products, the index was up 8.1 percent. source: Statistics Canada
Producer Prices in Canada averaged 53.76 points from 1956 until 2021, reaching an all time high of 108.80 points in March 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 May of 2021.
Producer Prices in Canada is expected to be 102.02 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices in Canada to stand at 110.76 in 12 months time. In the long-term, the Canada Producer Prices is projected to trend around 105.70 points in 2022 and 107.82 points in 2023, according to our econometric models.