Issue 18-62 Industrial Product Price Index

March 29, 2018

Canadian manufacturers’ selling prices rose 1.9% in February, compared to the same month a year earlier. Rising prices for energy and petroleum products (+10.6%) were the major contributor for overall price growth in February. Notable increases were reported for pulp and paper products (+10.8%) and tobacco products (+7.3%). Meanwhile the prices of motorized and recreational vehicles fell by 3.2% year-over-year in February, moderating the overall price increase.

The price of raw materials purchased by Canadian manufacturers climbed 5.9% in February compared to the previous year, mainly due to higher prices for crude energy products (+10.0%). Higher prices for metal ores, concentrates and scrap (+6.5%), and non-metallic minerals (+2.6%) also contributed to the increase.

Source: Statistics Canada