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.

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Canada Producer Prices

Actual Previous Highest Lowest Dates Unit Frequency
114.50 114.50 114.50 13.30 1956 - 2021 points Monthly
2020=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-15 12:30 PM PPI MoM Prel May 3.1% 1.8%
2021-06-30 12:30 PM PPI MoM Final May 2.7% 1.8% 3.1%
2021-07-14 12:30 PM PPI MoM Prel Jun -0.4% 3.1%
2021-07-30 12:30 PM PPI MoM Final Jun 0.0% 3.1% -0.4%
2021-08-13 12:30 PM PPI MoM Prel Jul 0.0%


News Stream
Canada Producer Prices Stall in June
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.
2021-07-30
Canada Producer Prices Fall in June
The industrial product price index in Canada edged down 0.4% month over month in June 2021, following an upwardly revised 3.1% rise in the prior month, a preliminary estimate showed. Excluding energy and petroleum products, the IPPI went down 0.5%. It was the first monthly drop in producer prices since last November, mainly weighed down by prices of lumber and other wood products (-6.9%), in particular softwood lumber (-12.8%), following a record monthly growth in May. To a lesser extent, downward pressure also came from chemicals & chemical products (-1.4%), on lower petrochemical prices (-13.9%); fruits, vegetables, feed & other foot products (-1.4%), dragged down by grain and oilseed products (-8.5%); and non-ferrous metals (-0.8%). On an annual basis, the IPPI hiked 16.2%, the eleventh straight month of increases.
2021-07-14
Canada Producer Inflation at 3-Month High
The industrial product price index in Canada rose 2.7% month over month in May 2021, following a 1.8% increase in the prior month and below a preliminary estimate of a 3.1% gain. Excluding energy and petroleum products, the IPPI was up 2.4%. It was the fastest monthly producer inflation since last February and the seventh straight month of increases, mainly driven by prices of lumber and other wood products (+17.9%), in particular softwood lumber (27.6%), which surged at the fastest pace since the series began in 1956. Additional upward pressure came from energy and petroleum products (+5.4%); meat, fish and dairy products (+3.7%); primary non-ferrous metal products (+3.4%); and primary metal ferrous products (+2.2%). On an annual basis, the IPPI surged 16.4%, its tenth consecutive increase and the strongest gain since January 1980 (+16.7%).
2021-06-30
Canada Producer Inflation Quickens in May
The industrial product price index in Canada went up 3.1 percent month over month in May of 2021, following an upwardly revised 1.8 percent increase in the prior month, a preliminary estimate showed. Excluding energy and petroleum products, the producer prices rose 2.8 percent. It was the sixth straight month of increases, driven mostly by a record monthly gain in prices of softwood lumber (27.6 percent), on account of strong demand from construction as well as tighter supplies and inventory. Additional upward pressure came from meat products (10.4 percent), energy & petroleum products (4.7 percent), primary non-ferrous metals (3.4 percent), primary ferrous metals (2.3 percent); and chemicals & chemical products (2.7 percent). On an annual basis, the IPPI surged 16.9 percent, the fastest hike in producer prices since January 1975.
2021-06-15

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.