The industrial product price index in Canada was flat month over month in June of 2021, compared to initial estimates of a 0.4% fall. The biggest influence was the decline in the lumber and other wood products (-6.8%). If lumber and other wood products were excluded from calculation, producer prices would have risen 0.6%. On the other hand, meat products were up 3.7%, a 6th consecutive monthly rise, due to seasonal demand and supply chain disruptions as well as higher prices for animal feed (in the months leading up to June). Year-on-year, industrial producer prices increased 16.8% year-on-year in June of 2021, higher than initial estimates of a 16.2%, but easing from 16.9% in May. source: Statistics Canada
Producer Prices in Canada averaged 53.99 points from 1956 until 2021, reaching an all time high of 114.50 points in May 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 August of 2021.
Producer Prices in Canada is expected to be 109.67 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 109.87 points in 2022 and 112.07 points in 2023, according to our econometric models.