Issue 17-65: Industrial Product Price Index (IPPI)
March 31, 2017
Canadian manufacturers’ prices were notably higher (+3.5%) this February than in the same month of 2016. A 26.9% year-over-year surge in the price of energy and petroleum products was the largest contributor to the overall increase, and price boosts for chemicals (+5.2%) and primary non-ferrous metal products (+7.9%) also exerted upward pressure.
The Raw Materials Price Index jumped 23.7% in February, pushed up primarily by a 60.8% spike in the price of crude energy products. Year-over-year declines in prices for animal (-1.0%), crop (-1.0%) and non-metallic minerals (-2.2%) only moderated the overall increase.
Data Source: Statistics Canada