The industrial product price index in Canada rose 2% month-over-month in January of 2021, slightly above a preliminary estimate of a 1.9% increase and following an upwardly revised 1.7% increase in December. It was the strongest monthly increase since February 2015. Of the 21 major product groups, 15 were up, 5 were down and 1 was unchanged. Main upward pressure came from prices of lumber and other wood products (+10.8%), as well as energy and petroleum products (+7.9%), primarily as a result of higher prices for refined petroleum products (+8.2%). Costs also increased for chemicals (+3.3%); primary non-ferrous metal products (+1.5%) and meat, fish and dairy products (+1.8%). Year-on-year, producer prices surged 4%, compared to an earlier reading of a 3.8% rise and marking its biggest increase since October of 2018. Higher prices for lumber and other wood products (+61.6%) and primary non-ferrous metal products (+23.4%) were the principal causes of this gain. source: Statistics Canada

Producer Prices in Canada averaged 53.62 points from 1956 until 2021, reaching an all time high of 104 points in January 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 March of 2021.

Producer Prices in Canada is expected to be 99.59 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 103.43 in 12 months time. In the long-term, the Canada Producer Prices is projected to trend around 105.50 points in 2022 and 107.61 points in 2023, according to our econometric models.

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Canada Producer Prices

Actual Previous Highest Lowest Dates Unit Frequency
104.00 102.00 104.00 13.30 1956 - 2021 points Monthly
2020=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-13 01:30 PM PPI MoM Prel Dec 1.4% -0.6%
2021-01-29 01:30 PM PPI MoM Final Dec 1.5% -0.6% 1.4%
2021-02-12 01:30 PM PPI MoM Prel Jan 1.9% 1.6%
2021-02-26 01:30 PM PPI MoM Final Jan 2% 1.7% 1.9%


News Stream
Canada Producer Prices Rise the Most since 2015
The industrial product price index in Canada rose 2% month-over-month in January of 2021, slightly above a preliminary estimate of a 1.9% increase and following an upwardly revised 1.7% increase in December. It was the strongest monthly increase since February 2015. Of the 21 major product groups, 15 were up, 5 were down and 1 was unchanged. Main upward pressure came from prices of lumber and other wood products (+10.8%), as well as energy and petroleum products (+7.9%), primarily as a result of higher prices for refined petroleum products (+8.2%). Costs also increased for chemicals (+3.3%); primary non-ferrous metal products (+1.5%) and meat, fish and dairy products (+1.8%). Year-on-year, producer prices surged 4%, compared to an earlier reading of a 3.8% rise and marking its biggest increase since October of 2018. Higher prices for lumber and other wood products (+61.6%) and primary non-ferrous metal products (+23.4%) were the principal causes of this gain.
2021-02-26
Canada Producer Prices Rise 1.9% MoM in January
The industrial product price index in Canada rose 1.9% month-over-month in January of 2021, following an upwardly revised 1.6% increase in December, a preliminary estimate showed. Main upward pressure came from prices of softwood lumber (19%) and energy and petroleum products (6.8%), namely refined petroleum energy products (7%), largely due to higher crude oil prices. Costs of primary non-ferrous metal products also increased (1.5%), mostly as a result of a 1.7% gain in unwrought gold, silver, and platinum metals. Year-on-year, producer prices surged 3.8%, the biggest increase since October of 2018.
2021-02-12
Canada Producer Prices Rise 1.5% MoM in December
The industrial product price index in Canada rose 1.5% month-over-month in December of 2020, following a downwardly revised 0.5% drop in November and slightly above a preliminary estimate of a 1.4% increase. Prices of energy & petroleum products surged 9%, amid widespread price increases in refined petroleum energy products (10.9%), particularly diesel and biodiesel fuels (12.3%) and motor gasoline (9.1%). Additional upward pressure came from lumber and other wood products (10.2%), in particular softwood lumber prices (20.1%), due to unusually high demand for softwood lumber at this time of year for construction and renovation, coupled with low production capacity over the course of the year. Cost also increased for primary non-ferrous metal products (3.1%). Year-on-year, producer prices were up 1.8%, compared to an earlier reading of a 1.5% rise.
2021-01-29
Canada Producer Prices Rebound in December
The industrial product price index in Canada rose 1.4% month-over-month in December of 2020, following a 0.6% drop in the previous month, preliminary estimates showed. It was the first increase in industrial prices following two months of decline, driven by higher prices for lumber and other wood products (+10.8%), particularly softwood lumber (+21.7%). Additional upward pressure came from costs of energy and petroleum products (+7.9%), particularly refined petroleum energy products (+9.2%) such as diesel and biodiesel fuels (+10.1%) and motor gasoline (+7.7%). Prices also went up for primary non-ferrous metal products (+3.1%), on higher prices for unwrought aluminum and aluminum alloys (+8.1%) and unwrought copper and copper alloys (+7.6%). Prices for chemicals and chemical products (+2.2%) also increased. Year-on-year, producer prices rose up 1.5%.
2021-01-13

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.