Issue 16-126: Industrial Product Price Index (IPPI)
June 30, 2016
Canadian manufacturers’ prices were slightly lower (-1.1%) this May than in the same month of 2015. A 12.7% year-over-year drop in the price of energy and petroleum products was the largest contributor to the overall decrease. Prices for chemicals (-2.0%), non-ferrous (-3.3%) and ferrous (-9.5%) primary metal products were also among those exerting deflationary pressure. Meanwhile, Canadian manufacturers of most other products saw higher prices in May, most notably for producers of motorized and recreational vehicles (+4.0%). Excluding energy and petroleum products, Canada’s Industrial Product Price Index increased 0.8% from the same month last year.
Data Source: Statistics Canada