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.