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. 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 November of 2021.