Issue 18-94 Industrial Product Price Index

May 30, 2018

Canadian manufacturers’ selling prices climbed 2.4% in April, compared to the same month a year earlier. Rising prices for energy and petroleum products (+15.1%) were the major contributor for overall price growth in April. Notable increases were also reported for pulp and paper products (+12.3%) and tobacco products (+9.3%). Meanwhile the prices of motorized and recreational vehicles fell by 4.2% year-over-year in April, moderating the overall price increase.

The price of raw materials purchased by Canadian manufacturers rose 8.9% in April compared to April the previous year, slightly slower than the 10.0% annual price growth observed in March. The upturn in April was mainly due to higher prices for crude energy products (+20.0%). Higher prices for metal ores, concentrates and scrap (+4.1%), and logs, pulpwood, natural rubber and other forestry products (+7.0%) also contributed to the increase.

Source: Statistics Canada