Issue 16-104: Industrial Product Price Index

May 30, 2016

Canadian manufacturers’ prices slipped 1.6% in April compared to the same month of 2015, a similar rate of decrease to that of the last two months. Energy and petroleum products (-13.9%) continued to have the strongest influence on the Industrial Product Price Index (IPPI), such that excluding this sector, the IPPI increased 0.3% in April compared to the same month last year. Prices for primary non-ferrous (-5.8%) and primary ferrous (-10.2%) metal products also contributed to the year-over-year decline, while a boost in the motorized and recreational vehicles (+2.5%) industry moderated the overall deflation.

Data Source: Statistics Canada