Issue 17-156 Industrial Product Price Index

November 28, 2017

Canadian manufacturers’ selling prices climbed 1.8% in October, compared to the same month a year earlier. Rising prices for energy and petroleum products (+8.8%) were the major contributor for overall price growth in October. Notable increases were reported for primary non-ferrous metal products (+6.2%), lumber and other wood products (+5.7%) and pulp and paper products (+5.1%).

The price of raw materials purchased by Canadian manufacturers rose 6.6% in October compared to October the previous year, mainly due to higher prices for metal ores, concentrates and scrap (+14.5%). Higher prices for crude energy (+5.6%), and animals and animal (+5.5%) products also contributed to the increase.

Source: Statistics Canada