Issue 18-77 Industrial Product Price Index

April 30, 2018

Canadian manufacturers’ selling prices climbed 2.3% in March, compared to the same month a year earlier. Rising prices for energy and petroleum products (+12.4%) were the major contributor for overall price growth in January. Notable increases were reported for pulp and paper products (+13.6%) and tobacco products (+9.8%). Meanwhile the prices of motorized and recreational vehicles fell by 3.8% year-over-year in March, moderating the overall price increase.

The price of raw materials purchased by Canadian manufacturers rose 10.0% in March compared to March the previous year, mainly due to higher prices for crude energy products (+21.1%). Higher prices for metal ores, concentrates and scrap (+6.1%), and logs, pulpwood, natural rubber and other forestry products (+6.3%) also contributed to the increase.

Source: Statistics Canada