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.

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Canada Producer Prices

Actual Previous Highest Lowest Dates Unit Frequency
108.80 107.10 108.80 13.30 1956 - 2021 points Monthly
2020=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-15 12:30 PM PPI MoM Prel Feb 2.5% 2%
2021-03-31 12:30 PM PPI MoM Final Feb 2.6% 2.3% 2.5%
2021-04-15 12:30 PM PPI MoM Prel Mar 1.6% 2.6%
2021-04-30 12:30 PM PPI MoM Final Mar 1.6% 2.8% 1.6%
2021-05-13 12:30 PM PPI MoM Prel Apr 1.6%


News Stream
Canada Producer Inflation Eases from Over 40-Year High
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.
2021-04-30
Canada Producer Inflation Eases in March
The industrial product price index in Canada rose 1.6 percent month over month in March of 2021, easing from a 2.6 percent advance in the prior month, a preliminary estimate showed. Excluding energy and petroleum products, the IPPI rose 1.3 percent. It was the fourth consecutive monthly increase in the industrial product price index, as costs rose mainly for energy & petroleum products (5.0 percent); chemicals & chemical products (2.8 percent); lumber and other wood products (10.2 percent); fruit, vegetables, feed & other food products (1.7 percent); and meat, fish & dairy products (1.2 percent). On the other hand, prices declined for motorized & recreational vehicles (-0.2 percent); primary non-ferrous metal products (-1.3 percent); and machinery & equipment (-0.5 percent). On an annual basis, the IPPI jumped 9.4 percent.
2021-04-15
Canada Producer Prices Rise the Most in Over 40 Years
The industrial product price index in Canada rose 2.6 percent month over month in February 2021, the largest monthly advance since January 1980 and above preliminary estimates of 2.5 percent. Cost rose for energy and petroleum products (9.8 percent), led mainly by motor gasoline (10.8 percent) and diesel and biodiesel fuels (+10 percent); lumber and other wood products (5.2 percent), driven mostly by higher prices for softwood lumber (6.4 percent); chemicals and chemical products (3.9 percent), due to ammonia and chemical fertilizers (+16.1 percent), petrochemicals (+9.1 percent), and plastic resins (+5.2 percent). Also, prices for primary non-ferrous metals increased 3.3%, with widespread rises among its subcomponents. Year over year, the IPPI increased 7.1 percent. Excluding energy and petroleum products, the index was up 7.9 percent.
2021-03-31
Canada Producer Prices Rise for 3rd Month
The industrial product price index in Canada rose 2.5 percent month over month in February, accelerating from a 2 percent advance in January, a preliminary estimate showed. It was the third consecutive monthly increase in the industrial product price index. Excluding energy and petroleum products, the IPPI rose 1.9%. Cost rose for energy and petroleum products (8.8 percent); lumber and other wood products (4.8 percent); Primary non-ferrous metal products (3.2 percent); meat, fish and dairy products (3.7 percent) and chemicals and chemical products (2.7 percent). Year over year, the IPPI increased 6.9 percent.
2021-03-15

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.