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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Canada Producer Price Inflation MoM


Calendar GMT Actual Previous Consensus TEForecast
2021-11-16 01:30 PM PPI MoM Prel Oct 1.3% 1% 1.1%
2021-11-29 01:30 PM PPI MoM Final Oct 1.3% 1.2% 1.3%
2022-01-05 01:30 PM PPI MoM Final Nov 1.3%


Related Last Previous Unit Reference
Inflation Rate 4.70 4.40 percent Oct/21
Inflation Rate Mom 0.70 0.20 percent Oct/21
Consumer Price Index CPI 143.90 142.90 points Oct/21
Core Consumer Prices 141.50 140.70 points Oct/21
Core Inflation Rate 3.80 3.70 percent Oct/21
Producer Prices 117.70 116.20 points Oct/21
Producer Prices Change 16.70 15.30 percent Oct/21
Export Prices 129.70 127.40 points Sep/21
Import Prices 132.20 130.00 points Sep/21
Wholesale Prices 133.30 127.20 points Oct/21

News Stream
Canada Producer Inflation Confirmed at 1.3%
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.
2021-11-29
Canada Producer Prices Set to Rise 1.3% in October
The industrial product price in Canada rose 1.3 percent over a month in October of 2021, the highest reading since May, following a 1 percent increase in the previous month, preliminary estimates showed. Prices for energy and petroleum products rose 7.6 percent, mostly driven by refined petroleum energy products (8.1 percent), due to the supply-demand imbalance for petroleum. Also, prices rose for lumber and other wood products (5.4 percent), driven by softwood lumber (11.1 percent), and primary non-ferrous metal products (2.2 percent), due to metal alloys (9.6 percent) and aluminum alloys (4.6 percent). These gains were moderated by lower prices for meat, fish, and dairy products (-3.8 percent) and motorized vehicles (-0.4 percent), driven by aerospace equipment (-4 percent) and aircraft (-2.5 percent). On a yearly basis, preliminary estimates show the index advanced 16.7 percent from 14.9 percent in September.
2021-11-16
Canada Producer Inflation Confirmed at 1%
The industrial product price in Canada went up 1 percent month over month in September of 2021, in line with preliminary estimates and following a 0.3 percent drop in August. Prices of petroleum products increased the most (3.8 percent), mostly due to diesel and biodiesel fuels (7.7 percent), light fuels (8.1 percent), and aviation fuel (5.4 percent). Also, costs rose for chemicals and chemical products (1.8 percent), namely chemical fertilizers (10.7 percent) and petrochemicals (4 percent) and primary ferrous metals (1.7 percent) in particular semi-finished iron or steel (1.7 percent). In contrast, cost declined for lumber and other wood products (-1.3 percent), namely veneer and plywood (-10.3 percent) and softwood lumber (-0.7 percent). On a yearly basis, the IPPI edged up to 14.9 percent from 14.7 percent in August, slightly lower than the preliminary estimate of 15 percent.
2021-10-29

Canada Producer Price Inflation MoM
In Canada, the Producer Price Inflation MoM measures a month-over-month change in the price of goods and services sold by manufacturers and producers in the wholesale market.