The industrial product price index in Canada rose 0.4 percent over a month earlier in June 2020, following a 1.2 percent increase in the previous month but slightly below market forecast of a 0.5 percent gain. The growth in the industrial product price index was mainly due to energy & petroleum products (15 percent), namely refined petroleum energy, and biofuels (+19.1 percent) influenced by higher prices for crude oil. Excluding energy & petroleum products, the IPPI fell 1 percent mostly due to meat, fish, and dairy products (-3.4 percent); motorized & recreational vehicles (-1.4 percent); electrical & telecommunication products (-1.1 percent); and pulp & paper (-1.1 percent). Year over year, producer prices went down 3.1 percent, after declining 4.9 percent in the prior month.

Producer Prices in Canada averaged 62.63 points from 1956 until 2020, reaching an all time high of 119.70 points in June of 2018 and a record low of 15.60 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 August of 2020. source: Statistics Canada

Producer Prices in Canada is expected to be 118.22 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 115.08 in 12 months time. In the long-term, the Canada Producer Prices is projected to trend around 120.76 points in 2021 and 123.18 points in 2022, according to our econometric models.

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Canada Producer Prices

Actual Previous Highest Lowest Dates Unit Frequency
114.00 113.60 119.70 15.60 1956 - 2020 points Monthly
2010=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-30 12:30 PM Mar -0.9% -0.5% -1.7% -1.5%
2020-05-29 12:30 PM Apr -2.3% -0.9% -2%
2020-06-29 12:30 PM May 1.2% -2.3% 1.2% -0.6%
2020-07-31 12:30 PM Jun 0.4% 1.2% 0.5% 0.5%


News Stream
Canada Producer Prices Rise Less than Expected in June
The industrial product price index in Canada rose 0.4 percent over a month earlier in June 2020, following a 1.2 percent increase in the previous month but slightly below market forecast of a 0.5 percent gain. The growth in the industrial product price index was mainly due to energy & petroleum products (15 percent), namely refined petroleum energy, and biofuels (+19.1 percent) influenced by higher prices for crude oil. Excluding energy & petroleum products, the IPPI fell 1 percent mostly due to meat, fish, and dairy products (-3.4 percent); motorized & recreational vehicles (-1.4 percent); electrical & telecommunication products (-1.1 percent); and pulp & paper (-1.1 percent). Year over year, producer prices went down 3.1 percent, after declining 4.9 percent in the prior month.
2020-07-31
Canada Producer Prices Rise 1.2% in May
The industrial product price index in Canada increased 1.2 percent month-over-month in May of 2020, after falling 2.3 percent in the previous month which was the largest decrease since December of 2008. It is the first rise in producer prices so far this year, in line with market forecasts, driven mainly by higher prices for meat, fish and dairy products (8.3 percent) as well as energy and petroleum products (4.6 percent), namely motor gasoline (36.8 percent). Year over year, producer prices fell 4.9 percent in May, following a 6 percent drop in April, pulled downward primarily by lower prices for energy and petroleum products (-43 percent). Prices for meat, fish and dairy products (10.7 percent) were the main factor moderating the decline.
2020-06-29
Canada Producer Prices Fall the Most since 2008
The industrial product price Index (IPPI) in Canada declined 2.3 percent month-over-month in April of 2020, after falling 0.9 percent in the previous month. It was the fourth consecutive monthly decrease and the largest decline since December 2008, mainly due to lower prices for refined petroleum products (-25.4 percent), largely the result of an excess supply of petroleum, combined with falling global demand for such products. Prices also were down for chemicals and chemical products (-3.2 percent), namely petrochemicals (-25.4 percent) such as aromatic hydrocarbon gases (-44.9 percent),. Year-on-year, producer prices plunged 6 percent, the most since October of 2009, after falling 2.4 percent in the previous month, amid lower prices for energy and petroleum products.
2020-05-29
Canada Producer Prices Fall the Most in 9 Months
The industrial product price Index (IPPI) in Canada went down 0.9 percent month-over-month in March of 2020, following a 0.5 percent fall in the previous month and compared with market consensus of a 1.7 percent slump. This was the third straight monthly decline and the largest decrease since June of 2019, as prices of refined petroleum energy products posted the largest tumble on record (-17.6%), including motor gasoline (-20.7%), diesel (-17.1%) and light fuel oils (-16.8%). It mainly reflected the large drop in prices for crude oil, which was impacted by excess global supply, a price war between the Organization of the Petroleum Exporting Countries (OPEC) and Russia, and reduced global demand due to Covid-19. Year-on-year, producer prices were down 2.4 percent, after dropping 0.3 percent in the previous month.
2020-04-30

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.