The industrial product price index in Canada fell 0.4% month over month in July 2021, compared to initial estimates of a flat reading and market consensus of a 0.1% increase. Among the 21 major commodity groups, 17 were up, 3 were down, and 1 was unchanged. Lumber and other wood products declined 23%, primarily driven by a 37.7% drop in prices for softwood lumber, the biggest monthly decline on record for this product group. Prices for basic and semi-finished iron or steel products were up 5.9% in July, an 11th consecutive monthly increase; and prices of the energy and petroleum products commodity group rose 3.1%. Year over year, the IPPI rose 15.4% in July, a 12th consecutive advance, following a 17.2% increase in June. This was mostly driven by higher prices for energy and petroleum products (+46.9%), primary ferrous metal products (+49.8%), as well as lumber and other wood products (+39.1%) compared with July 2020. source: Statistics Canada

Producer Prices in Canada averaged 54.07 points from 1956 until 2021, reaching an all time high of 115.20 points in July 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 September of 2021.

Producer Prices in Canada is expected to be 111.69 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 112.99 points in 2022 and 115.25 points in 2023, according to our econometric models.

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Canada Producer Prices

Actual Previous Highest Lowest Dates Unit Frequency
114.40 114.90 114.90 13.30 1956 - 2021 points Monthly
2020=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
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 0.1% 0.3%
2021-08-27 12:30 PM PPI MoM Final Jul -0.4% 0.0% 0.1% 0.1%


News Stream
Canada Producer Prices Unexpectedly Fall in July
The industrial product price index in Canada fell 0.4% month over month in July 2021, compared to initial estimates of a flat reading and market consensus of a 0.1% increase. Among the 21 major commodity groups, 17 were up, 3 were down, and 1 was unchanged. Lumber and other wood products declined 23%, primarily driven by a 37.7% drop in prices for softwood lumber, the biggest monthly decline on record for this product group. Prices for basic and semi-finished iron or steel products were up 5.9% in July, an 11th consecutive monthly increase; and prices of the energy and petroleum products commodity group rose 3.1%. Year over year, the IPPI rose 15.4% in July, a 12th consecutive advance, following a 17.2% increase in June. This was mostly driven by higher prices for energy and petroleum products (+46.9%), primary ferrous metal products (+49.8%), as well as lumber and other wood products (+39.1%) compared with July 2020.
2021-08-27
Canada Producer Prices Set to Rise 0.1% in July
The industrial product price index in Canada went up 0.1% month over month in July 2021, following an upwardly revised 0.3% rise in the prior month, a preliminary estimate showed. The growth in the IPPI was led primarily by higher prices for energy and petroleum products (+5.1%) and chemicals and chemical products (+6.3%). Prices for primary ferrous metal products (+5.6%), such as basic and semi-finished iron or steel products (+5.7%), which have been increasing since September 2020, also supported the monthly gain in the IPPI. Motorized and recreational vehicles (+1.2%) posted a monthly increase in July, led mainly by motor vehicle engines and motor vehicle parts (+1.8%), and passenger cars and light trucks (+1.2%). These gains were largely moderated by lower prices for lumber and other wood products (-23.0%), namely softwood lumber (-37.7%), due to increased supply at sawmills. Year-over-year, the index advanced 16.2%, after an upwardly revised 17.4% jump in the previous month.
2021-08-13
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 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.