Issue 17-21: Industrial Product Price Index

January 31, 2017

Canadian manufacturers’ selling prices were 2.2% higher in December than in the same month of 2015. The increase was mostly attributable to climbing prices for energy and petroleum products (+10.5%), which saw the biggest year-over-year boost since February of 2012. Prices for primary non-ferrous metal (+9.3%) were also notably higher than in December of 2015. Excluding energy and petroleum products, the Industrial Product Price Index would have climbed just 1.1% over the twelve-month period.

Meanwhile, the cost of raw materials jumped 17.2% in December, due mostly to 38.2% hike in prices for crude energy products.

Data Source: Statistics Canada