Issue 16-205: Industrial Product Price Index (IPPI)

October 31, 2016

Weaker petroleum and coal product prices (-5.1%) were the main contributor to a 0.5% year-over-year decline in the Industrial Product Price Index (IPPI) in September. The IPPI was also pulled down by lower prices for primary ferrous metal (-3.8%), meat, fish, and dairy (-3.7%) and chemical (-2.1%) products. The overall decline in prices overshadowed rises in prices for primary non-ferrous metal (+5.6%), and fruit and vegetable (+1.2%) goods. Excluding the energy and petroleum sector, the IPPI would actually have climbed (+0.2%) in the twelve-month period.

Data Source: Statistics Canada