Issue 18-205 Industrial Product Price Index (IPPI)

December 3, 2018

Canadian manufacturers’ selling prices were 5.3% higher in October than in the same month of 2017. The increase was largely attributable to climbing prices for energy and petroleum products (+18.0%), but most major commodity groups also saw prices increase. Prices for pulp and paper (+14.9%) and primary ferrous metal (+13.7%) products were notably higher than in October of 2017. Excluding energy and petroleum products, the Industrial Product Price Index would have climbed 3.3% over the twelve-month period.

Meanwhile, the cost of raw materials jumped 7.7% in October, due mostly to 16.3% hike in prices for crude energy products.

Data Source: Statistics Canada