Issue 16-226: Industrial Product Price Index (IPPI)

November 30, 2016

Canadian manufacturers’ prices were higher (+0.7%) this October than in the same month of 2015. A 5.0% year-over-year upturn in the price of energy and petroleum products was the largest contributor to the overall increase, and price boosts for chemicals (+1.0%) and motorized and recreational vehicles (+0.7%) also exerted upward pressure.

The Raw Materials Price Index (RMPI) climbed 3.3% in October, pushed up primarily by a 9.6% jump in the price of crude energy products. Year-over-year declines in prices for animal products (-3.4%) and metal ores, concentrates and scrap (-0.6%) moderated the overall increase. Excluding crude energy products, the RMPI would have fallen 1.1% in October.

Data Source: Statistics Canada