Issue 18-03: Industrial Price Product Index

January 4, 2018

Canadian manufacturers’ selling prices climbed 2.7% in November, compared to the same month a year earlier. Rising prices for energy and petroleum products (+18.2%) were the major contributor for overall price growth in November. Notable increases were reported for lumber and other wood products (+5.6%), pulp and paper products (+4.9%), and primary non-ferrous metal products (+4.4%). Meanwhile the prices of motorized and recreational vehicles fell by 4.0% year-over-year in November moderating the overall price increase.

The price of raw materials purchased by Canadian manufacturers rose 14.2% in November compared to November the previous year, mainly due to higher prices for crude energy products (+25.4%). Higher prices for metal ores, concentrates and scrap (+9.3%), and animals and animal (+9.2%) products also contributed to the increase.

Source: Statistics Canada