Issue 17-119: Industrial Product Price Index

October 2, 2017

Canadian manufacturers’ selling prices climbed 1.9% in August, compared to the same month a year earlier. The increase was driven mainly by an 8.7% jump in prices of energy and petroleum products, which were pushed up largely by a 10.2% expansion in prices for motor gasoline. Excluding energy and petroleum products, the Industrial Product Price Index would have grown only 1.0% over the 12-month period.

There was a 6.1% rise in the cost of raw materials in the 12-month period ending in August. The largest price increases were for metal ores, concentrates and scrap (+9.4%) and crude energy products (+6.7%).

Source: Statistics Canada