Producer prices in Canada advanced 0.8% month-over-month in April of 2022, easing from a downwardly revised, 42-year high, 3.4% jump in the prior month but above market estimates of a 0.5% rise. It was the eighth consecutive monthly increase, with main upward pressure coming from energy and petroleum products (5.2%), largely due to surging prices for jet fuel (50.5%) because of record-low inventory levels in the US during the month. Producer costs also rose for primary ferrous metals (3.3%), driven by lower steel production in China amid their strict Covid lockdowns. A steeper rise in the IPPI was capped by lower prices for lumber and other wood products (-8.2%), driven by softwood lumber (-13.7%), possibly due to higher mortgage rates in the US. Year-over-year, the IPPI rose by 16.4%, easing from the downwardly revised 17.9% in the prior month. source: Statistics Canada

Producer Price Inflation MoM in Canada averaged 0.29 percent from 1956 until 2022, 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 May of 2022.

Producer Price Inflation MoM in Canada is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Canada Producer Price Inflation MoM



Related Last Previous Unit Reference
Inflation Rate 6.80 6.70 percent Apr 2022
Inflation Rate Mom 0.60 1.40 percent Apr 2022
Consumer Price Index CPI 149.80 148.90 points Apr 2022
Core Inflation Rate 5.70 5.50 percent Apr 2022
Core Consumer Prices 146.10 145.10 points Apr 2022
Producer Prices 129.40 124.40 points Mar 2022
Producer Prices Change 16.40 17.90 percent Apr 2022
Export Prices 151.30 143.00 points Mar 2022
Import Prices 139.90 137.10 points Mar 2022
Wholesale Prices 161.00 164.30 points Apr 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.80 3.40 3.80 -2.90 1956 - 2022 percent Monthly
NSA

News Stream
Canada Producer Prices Rise More than Expected
Producer prices in Canada advanced 0.8% month-over-month in April of 2022, easing from a downwardly revised, 42-year high, 3.4% jump in the prior month but above market estimates of a 0.5% rise. It was the eighth consecutive monthly increase, with main upward pressure coming from energy and petroleum products (5.2%), largely due to surging prices for jet fuel (50.5%) because of record-low inventory levels in the US during the month. Producer costs also rose for primary ferrous metals (3.3%), driven by lower steel production in China amid their strict Covid lockdowns. A steeper rise in the IPPI was capped by lower prices for lumber and other wood products (-8.2%), driven by softwood lumber (-13.7%), possibly due to higher mortgage rates in the US. Year-over-year, the IPPI rose by 16.4%, easing from the downwardly revised 17.9% in the prior month.
2022-05-19
Canada Producer Prices Rise the Most in 66 Years
Producer prices in Canada jumped 4% month-over-month in March of 2022, the seventh consecutive monthly increase, and the largest monthly change on record since the series began in 1956. Main upward pressure came from prices of refined petroleum products (18.8%), which posted the largest increase on record for that series since it began in January 2010, driven by oil supply uncertainty caused by the Russian invasion of Ukraine. Other significant increases were observed in prices of several metal products, of which primary non-ferrous metal products (9.2%) and primary ferrous metal products (4.1%). Costs were also higher for softwood lumber (8%); ammonia and chemical fertilizers (7.8%) and intermediate food products (3.3%) and animal feed (5.1%). Year over year, the IPPI increased 18.5%, its biggest gain since December 1974.
2022-04-22
Canada Producer Prices Rise the Most since 1980
Producer prices in Canada jumped 3.1% month-over-month in February of 2022, the sixth consecutive monthly increase, and the largest monthly gain since January of 1980. Prices for energy and petroleum products rose 8.5%, with cost of motor gasoline exiting refineries in Canada up 8% and diesel fuel 9.2%. Prices for primary non-ferrous metal products rose 5.7%, led mainly by higher prices for unwrought aluminum and aluminum alloys (10.6%). Also, the price of softwood lumber jumped 8.3% and cost of intermediate food products rose 3.3%. Year-on-year, producer prices increased 16.4%, slightly higher than 16.3% in January.
2022-03-22